• A prominent legal expert insists that Ripple has little to no impact on the price of XRP, and SEC has most of the impact.
• The U.S. Securities and Exchange Commission has been involved with the cryptocurrency market for a long time.
• A popular lawyer shared his thoughts on X, formerly twitter, saying “Actually, nothing Ripple does has any real effect on XRP price, only the actions of the SEC change its price… strange.”
The SEC’s Influence Over XRP
The lawyer insists that Ripple has little to no impact on the price of XRP, and SEC has most of the impact. His comments came not long after the SEC made a request to file for an Interlocutory Appeal. While the SEC’s shenanigans might have had a lot of impact on the Ripple network, a prominent figure maintains that the XRP token has in no way been affected by the Ripple network.
SEC vs Ripple Lawsuit
The U.S. Securities and Exchange Commission has been involved with the cryptocurrency market for the longest time. Notably, it’s running with Ripple and XRP has been a continuous topic of conversation. Not only has the SEC vs Ripple lawsuit influenced the market’s perception of the Ripple blockchain, it has also had a lingering impact on the network’s position in global blockchain industry.
Ripple’s Impact On XRP Price
A legal expert is asserting that Ripple’s native token, XRP is not being impacted by any of Ripples actions despite its running with SEC according to Jeremy Hogan who shared his thoughts via Twitter saying “Actually nothing ripple does have any real effect on XRP price , only action from Sec changes its Price… Strange “ . After this statement was publicised there was significant drop in prices as seen in candlestick chart posted by Jeremy Hogan himself .
SEC’s Actions Are Counterproductive To Investors
XRP lost 2.44%of its value trading at $0.62 after previously hitting daily high at $0..66 due to filing by Sec .Jeremy Hogan sarcastically implied that although Sec claims their aim is protecting investors they seem to be doing opposite .
Despite what ripple is doing or claiming ,it seems like sec still holds majority influence over xrp prices affecting investors decisions significantly while trying to protect them .