Ripple’s Ripple Proper Party and Its Impact on XRP
Ripple, the company behind XRP, is hosting a major event in New York City on September 29, 2023, known as the Ripple Proper Party. This celebration comes after a legal victory against the SEC, which had raised questions about XRP’s classification as a security. The party has generated rumors of an IPO and a potential settlement with the SEC, both of which could have significant implications for Ripple and XRP.
Rumors Surrounding Ripple’s IPO and SEC Settlement
- An IPO could provide Ripple with a significant capital raise and enhance its mainstream acceptance, potentially increasing Ripple’s overall value.
- A settlement with the SEC could remove uncertainty surrounding XRP, leading to a potential price increase.
- The SEC’s case against Coinbase, another major crypto exchange, is connected to Ripple’s situation. Ripple might use the outcome of the Coinbase case as a precedent to seek approval for its own IPO.
- Attorney John Deaton believes that a significant ruling in the Coinbase vs. SEC case could pave the way for a settlement between Ripple and the SEC.
- The SEC’s pursuit of a permanent injunction against Ripple and its executives adds caution to the possibility of an IPO.
The Ripple Proper Party and Its Potential Impact
As the Ripple Proper Party approaches, the crypto community is eagerly awaiting its outcome. While the rumors remain unconfirmed, the event has the potential to reshape Ripple’s future and impact XRP’s market performance. Crypto enthusiasts are closely watching to see what unfolds on September 29.
Hot Take
The Ripple Proper Party presents an exciting opportunity for Ripple and XRP. An IPO could provide a major boost to Ripple’s growth and acceptance, while a settlement with the SEC would remove uncertainty and potentially increase XRP’s value. However, the outcome of the ongoing Coinbase vs. SEC case will likely play a crucial role in determining the path forward for Ripple. All eyes are on the Ripple Proper Party, as it could be a significant turning point for Ripple and the overall crypto market.
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