Ripple's ODL Sales Compliance Concerns
This is a news story, published by CoinGape, that relates primarily to XRP news.
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ODL sales matterCoinGape
•XRP Lawsuit: Ripple Can Sell to Institutions Despite Recent SEC Ruling
66% Informative
On Wednesday, August 7 , the SEC slapped $125 million to Ripple in the ongoing SEC lawsuit for institutional sales to XRP and violating the securities laws.
This has raised questions over the use of on-demand liquidity ( ODL ) sales that use XRP as a bridge for instant cross-border settlements.
Ripple can still continue to use these ODL sales, however, it needs to be careful about how it does.
The XRP price has surged by a staggering 20% shooting past $ 0.60 .
Market analysts have started talking about a possible XRP ETF going ahead.
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