ETFs
XRP News Today: Ripple CEO calls for SEC chairman to resign amid ETF speculation
Garlinghouse reacted to the announcement, assignment,
“To say this is incredibly disappointing from the White House – at an incredibly crucial time – is an understatement.”
The announcement highlighted the Biden administration’s stance on crypto, which could influence crypto voters in the upcoming US presidential election.
There was no SEC case against Ripple-related updates to consider Friday as investors await a court ruling on the Motion to seal.
SEC vs. Crypto: Ripple and XRP in limbo
Ripple filed the sealing petition to protect non-public information, including financial statements and contractual agreements with institutions. The second argued that the documents considered by the court at the remedial stage should be public information.
However, the court’s decision will not affect the court’s decision on the penalty Ripple must pay for violating US securities laws. While the actual amount of the penalty will attract investor interest, the decision on whether to ban XRP sales to US institutional investors could impact buyer demand for XRP.
In March, the SEC argued for a fine of nearly $2 billion and a court injunction.