Ripple’s The Proper Party
The Ripple Proper Party is an upcoming celebration event organized by Ripple Labs in response to their partial victory in the SEC lawsuit. The event will be held on September 29, 2023, in New York City, and registration is now open. This event marks a significant milestone for Ripple and has generated anticipation among the XRP holder community.
Big Announcements Ahead?
According to John Deaton, the attorney representing the XRP token holder community, it is unlikely that there will be a settlement announcement with the US SEC. Deaton believes that a settlement can only occur if there are major developments in the Coinbase Vs SEC lawsuit. Additionally, he addressed the possibility of a Ripple IPO announcement, stating that the SEC is unlikely to approve an IPO while simultaneously seeking a permanent injunction against Ripple and its executives.
The Coinbase Vs SEC Lawsuit
The US SEC’s lawsuit against Coinbase in June 2023 raised questions within the crypto community. Many wondered how the agency could approve Coinbase’s IPO when it had previously found fault with the exchange’s operation as an unregistered broker, exchange, and clearing agency. This raised doubts about the likelihood of Ripple receiving approval for an IPO amidst ongoing litigation.
Closing Thoughts
The Ripple Proper Party is a highly anticipated event that marks a major milestone for Ripple and its community. While big announcements are not expected, the event provides an opportunity for celebration and engagement. It remains to be seen how the company will navigate the SEC lawsuit and potential IPO plans, but the XRP holder community eagerly awaits further developments.
Hot Take
The Ripple Proper Party serves as a testament to Ripple’s resilience and determination in the face of regulatory challenges. Despite the ongoing legal battle with the SEC, Ripple continues to engage with clients and plan for the future. The event is a symbol of hope and unity within the XRP holder community, showcasing their unwavering support for Ripple and its mission.
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