In accordance with Altcoinbuzz, Ripple CEO Brad Garlinghouse announced that the SEC will drop its lawsuit against Ripple, marking a significant victory for the company and the broader cryptocurrency sector. This development, confirmed by crypto lawyer John Deaton, is expected to pave the way for clearer legislation in the industry. Despite the SEC's decision, Ripple still faces a $125 million settlement, which it may renegotiate. Judge Analisa Torres previously ruled in favor of Ripple, allowing the sale of $XRP to retail investors but restricting sales to institutional clients. The news has led to a 10% increase in $XRP's price, with analysts predicting potential future price targets ranging from $15 to $38. However, reaching $100 remains a long-term possibility, contingent on institutional adoption and regulatory clarity.
Ripple's SEC Lawsuit Dropped: Implications for XRP and Crypto
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