This is the Ripple Plan After the End of the SEC Lawsuit - Kakiforex.com - Financial Market Media No. 1 in the World This is the Ripple Plan After the End of the SEC Lawsuit This is the Ripple Plan After the End of the SEC Lawsuit

May 27, 2021

This is the Ripple Plan After the End of the SEC Lawsuit

 Ripple Labs is determined to become a publicly traded company once the lawsuit against the Securities and Exchange (SEC) is completed.


The allegations were formally confirmed by its CEO, Brad Garlinghouse in the 2021 Consensus held yesterday.


In fact, since early 2020, Ripple has been planning to trade openly. However, the SEC’s allegations caused their efforts to be hampered, having to be postponed until an appropriate time.


As of May 21, Ripple has grabbed several small wins with a court order asking the SEC to provide documents in Bitcoin (BTC) and Ethereum (ETH) related. In fact, the SEC is strictly prohibited from accessing the personal financial data of Ripple executives.



Garlinghouse also mentioned the advantages of XRP over ETH and BTC in an interview with CNBC media.


In addition to offering cheaper and faster transactions, XRP mining does not pollute the environment with high energy consumption like BTC.


In fact, the application of consensus algorithms causes the publication of XRP to be limited. In contrast to bitcoin which has a maximum supply of 21 million coins but not all of them are mined. While Ethereum does not have a supply limit.


At the time of writing, XRP is trading at $ 0.99, down nearly 4% in 24 hours. The coin is currently ranked 6th, between Cardano (ADA) and Dogecoin (DOGE).