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International Business Times
International Business Times
Business
Marvie Basilan

$XRP Up On News SEC Case vs Ripple May Be Over Soon

Ripple SEC XRP Eleanor Terrett Crypto Torres Brad Garlinghouse Lawsuit Coinbase
Is Ripple negotiating hard for better terms, causing a delay in getting the SEC case against it dismissed? (Credit: Kanchanara/Unsplash)

KEY POINTS

  • Ripple's legal team is supposedly negotiating for more favorable terms regarding a ruling on the case
  • The ruling included a permanent injunction that blocks Ripple from offering $XRP to institutional investors
  • The SEC has moved fast in dropping investigations and dismissing cases against crypto firms in recent weeks

XRP prices climbed Wednesday night after a new report that the U.S. Securities and Exchange Commission (SEC) is wrapping up its case against Ripple, the largest known corporate holder of the XRP token.

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