Commenting on the course of the XRP case, Brian Brooks gave investors hope.
The first hearing for the securities case against Ripple will take place on February 22, 2021. Although many statements were made on both Ripple and SEC front before the hearing, no one can say anything definite and the course of the case is unknown. Brian Brooks, who was President of the US banking regulator OCC before Joe Biden's term began, became the first public official to express his opinion on this issue.
Brooks thinks that the XRP case , which everyone is wondering about, can be made a positive decision and a deal can be reached. Noting that Joe Biden cares about technology and the new SEC President doesn't want to extend the lawsuit on the old term, Brooks thinks XRP could get away with it. Brooks stated that Michael Barr, who will come to the management of OCC after him, has similar thoughts.
In addition, the fact that Michael Barr has been on the Ripple management and advisory board for a period can be effective for XRP. Expressing that the USA has started to give importance to financial technologies, the experienced name did not specify what kind of an agreement this would be, but the predictions started to be seen on social media. Many analysts and experts think XRP could get off the hook with a multi-million dollar deal, just like the EOS case.
🚨XRP Could Pick Millions Instead Of Billions🚨
The billions of dollars of total market value lost by XRP's litigation and the $ 1.2 billion claims for compensation remain huge compared to millions of dollars. For this reason, it can be said that the statement made by the head of the OCC actually seems quite logical. Ripple's CEO also stated in his previous statements that they were warm to the deal.
XRP price is trading at $ 0.45 as of the time of this writing, and has risen 5% in the past 24 hours. While the good news is that XRP is recovering from $ 0.26, it's still pretty bad that it is below $ 0.50 in such a bull.
🚨Uncertainty Continues For XRP Price🚨
The conclusion of the uncertainty regarding the XRP case can bring a record for the XRP price, as can be predicted. However, if what Brooks said does not come true and the price crashes hard, the nightmare for XRP investors will deepen. The prediction of Brooks, a former regulator, may be more consistent than expected.
Next step I do I plan to buy ripple coins
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