The trial between Ripple and the U.S. Securities and Exchange Commission (SEC) has yet to signal a break.
Even so the private investment platform, Linqto told that Ripple shares have been sold, proving there is potential for the SEC to lose to Ripple.
Not only that, Ripple also offered a sign of optimism through the repurchase of shares it once issued after successfully raising $ 200 million worth of funds in the Series C round by Tetragon, along with SBI Holdings and Route 66 Ventures.
At the same time, Ripple also managed to get equity from Tetragon. The company is the entity that once filed a $ 175 million lawsuit against Ripple after the SEC did so in December 2020.
Expected SEC response
After three important documents were reviewed, Ripple's attorney - John Deaton presented 2 potential actions from the SEC:
The SEC will call for confirmation of the sale of XRP by Ripple CEO Brad Garlinghouse and its executive Chris Larsen.
The SEC has an opportunity to make a claim against Ripple in connection with the existence of a second XRP market if they fail to prove the two CEOs of Ripple actually sold XRP in the US.
So far the XRP movement is not showing any exciting signals but it is not impossible for this asset to record a spike in the event of an increase in purchases.
At the time of writing, XRP is trading at $ 0.84, up 1.39% in 24 hours.
