{"id":23830,"date":"2023-10-04T09:19:14","date_gmt":"2023-10-04T09:19:14","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/xrp-rallies-after-major-ripple-labs-legal-wins\/"},"modified":"2023-10-04T09:19:14","modified_gmt":"2023-10-04T09:19:14","slug":"xrp-rallies-after-major-ripple-labs-legal-wins","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/xrp-rallies-after-major-ripple-labs-legal-wins\/","title":{"rendered":"XRP rallies after major Ripple Labs legal wins"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/09\/1663848163113-c9e6431f-6574-43e4-8792-555f6d34691e-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/09\/1663848163113-c9e6431f-6574-43e4-8792-555f6d34691e-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/09\/1663848163113-c9e6431f-6574-43e4-8792-555f6d34691e-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/09\/1663848163113-c9e6431f-6574-43e4-8792-555f6d34691e-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>Ripple has secured approval in Singapore, paving the way for regional expansion.<\/li>\n<li>AA US Judge has also denied SEC\u2019s appeal boosting XRP price by 4% to $0.53.<\/li>\n<li>Ripple\u2019s legal wins showcase its resilience and impact on the crypto market.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/ripple\/what-is-ripple\/\">Ripple<\/a> is trending today after its legal triumph in Singapore coupled with the denial of the SEC\u2019s appeal. The two developments have led to a resurgence in XRP\u2019s price.<\/p>\n<p>The cryptocurrency community is closely monitoring these developments, which could have far-reaching implications for both Ripple and the broader cryptocurrency market.<\/p>\n<p>As at the time of writing, the price of Ripple\u2019s XRP token had gained over 4%. \u00a0It is currently trading at $0.53, marking a 5.05% increase over the past month and a 6.77% gain over the previous week.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\"><span class=\"fr-img-wrap\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/09\/04\/1696410563925-da6faa56-4def-4593-9513-c515fa9d7287.jpg\" class=\"fr-fic fr-dib\" width=\"615\" height=\"383\"\/><span class=\"fr-inner\" style=\"background: transparent;position: relative\"><em>XRP price chart<\/em><\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">\u00a0<\/p>\n<\/div>\n<h2>Ripple secures approval in Singapore<\/h2>\n<p>American <a href=\"https:\/\/coinjournal.net\/news\/tag\/blockchain\/\">blockchain<\/a> payments firm Ripple Labs Inc. has scored a significant legal victory by obtaining full approval to operate as a digital payment token services provider in Singapore.\u00a0<\/p>\n<p>The Monetary Authority of Singapore (MAS) granted the license, solidifying Ripple\u2019s position in the cryptocurrency space. Just four months after receiving in-principle approval from the regulator, this development paves the way for Ripple\u2019s local subsidiary, Ripple Markets APAC Pte Ltd, to expand its operations across the Asia Pacific region.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">It\u2019s official: Ripple is now fully licensed to provide digital payment token services in Singapore by <a href=\"https:\/\/twitter.com\/MAS_sg?ref_src=twsrc%5Etfw\">@MAS_sg<\/a>! Ripple is committed to delivering real-world crypto solutions for businesses in APAC.<\/p>\n<p>Learn more: <a href=\"https:\/\/t.co\/jD8xSc2pdd\">https:\/\/t.co\/jD8xSc2pdd<\/a><\/p>\n<p>\u2014 Ripple (@Ripple) <a href=\"https:\/\/twitter.com\/Ripple\/status\/1709389270962647382?ref_src=twsrc%5Etfw\">October 4, 2023<\/a><\/p>\n<\/blockquote>\n<p>The regulatory clarity provided by MAS has played a pivotal role in Ripple\u2019s success in Singapore. CEO Brad Garlinghouse expressed his enthusiasm for the move, emphasizing Ripple\u2019s readiness to create crypto solutions that enhance utility in the financial industry.\u00a0<\/p>\n<p>While the end-users stand to benefit, Ripple\u2019s primary focus remains on businesses and financial institutions that can leverage its tailored products and services.<\/p>\n<h2>Ripple\u2019s win against the US SEC<\/h2>\n<p>The ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC) took an interesting turn as Judge Analisa Torres denied the SEC\u2019s request for an early appeal.\u00a0<\/p>\n<p>The decision is a significant setback for the SEC, as it sought to challenge two aspects of the judge\u2019s summary judgment.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The SEC\u2019s request to file an interlocutory appeal is DENIED. I\u2019m not a lawyer but it seems the Court just told the SEC: You asked me to apply the \u201cHowey\u201d test, I did, and like it or not, you lost. <a href=\"https:\/\/t.co\/0E4MS0iuRY\">https:\/\/t.co\/0E4MS0iuRY<\/a> <a href=\"https:\/\/t.co\/bkhCpum17n\">pic.twitter.com\/bkhCpum17n<\/a><\/p>\n<p>\u2014 Brad Garlinghouse (@bgarlinghouse) <a href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1709410982194532514?ref_src=twsrc%5Etfw\">October 4, 2023<\/a><\/p>\n<\/blockquote>\n<p>In essence, the judge\u2019s ruling distinguishes between Ripple\u2019s different transactions involving XRP. Institutional Sales were categorized as sales of securities, while Programmatic Sales and Other Distributions were not.\u00a0<\/p>\n<p>The judge emphasized that Programmatic Buyers did not have the same expectation of Ripple generating profits on their behalf as Institutional Buyers did.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/xrp-rallies-after-major-ripple-labs-legal-wins\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Ripple has secured approval in Singapore, paving the way for regional expansion. AA US Judge has also denied SEC\u2019s appeal boosting XRP price by 4% to $0.53. Ripple\u2019s legal wins showcase its resilience and impact on the crypto market. Ripple is trending today [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":23831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23830"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=23830"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/23830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/23831"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=23830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=23830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=23830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}