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XRP Lawsuit: Ripple Can Sell to Institutions Despite Recent SEC Ruling

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Summary
Nutrition label

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.

VR Score

52

Informative language

43

Neutral language

13

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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