{"id":5140,"date":"2023-05-28T18:16:10","date_gmt":"2023-05-28T22:16:10","guid":{"rendered":"http:\/\/leadingcryptonews.com\/why-ripples-pro-lawyer-stresses-us-market-amid-global-growth\/"},"modified":"2023-05-28T18:16:10","modified_gmt":"2023-05-28T22:16:10","slug":"why-ripples-pro-lawyer-stresses-us-market-amid-global-growth","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/why-ripples-pro-lawyer-stresses-us-market-amid-global-growth\/","title":{"rendered":"Why Ripple&#8217;s Pro-Lawyer Stresses US Market Amid Global Growth"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><strong>Pro-Ripple lawyer John Deaton highlighted how the ongoing legal battle between the crypto-payment company and the U.S. Securities and Exchange Commission (SEC) had affected the firm\u2019s business.<\/strong><\/p>\n<p>According to Deaton, while many XRP enthusiasts point to its growth outside the U.S., there is a need for adoption on the homefront. <\/p>\n<h2>Ripple Continues to Expand <\/h2>\n<p>Since Ripple\u2019s legal struggles began, the firm has expanded its business outside the U.S., recently acquiring Swiss-based digital asset custody provider Metaco.<\/p>\n<p>Despite these moves, traditional financial institutions have been cautious with their interactions with Ripple\u2019s services. Brazilian bank Rendimento said it wouldn\u2019t use XRP because of its regulatory issues. However, the bank said it would use other Ripple services that do not involve XRP.<\/p>\n<p>Meanwhile, the pro-Ripple lawyer had previously said Coinbase or Ripple would not list XRP until they get more regulatory clarity within the U.S.<\/p>\n<h2 id=\"h-ripple-vs-sec-update\">Ripple vs. SEC Update<\/h2>\n<p>Ripple CEO Brad Garlinghouse recently predicted that the Court would issue its verdict within \u201cweeks,\u201d prompting speculations that the legal battle was ending.<\/p>\n<p>Since the litigation began, the crypto payment firm has scored several wins, including a recent Court judgment compelling the SEC to release the infamous Hinman\u2019s speech and related documents. <\/p>\n<p>In 2018, the former SEC official expressed an opinion on classifying certain cryptocurrencies like Ethereum, which XRP fans interpreted as a free pass for the rival asset.<\/p>\n<p>Recently, Deaton uncovered internal emails from the SEC that suggested the regulator knew that XRP did not fully meet the definition of a\u00a0security.<\/p>\n<h2 id=\"h-ripple-whales-remain-bullish\">Ripple Whales Remain Bullish<\/h2>\n<p>Ripple whales remain bullish on XRP, acquiring 52 million units of the digital asset valued at $22.9 million in the past three weeks. <\/p>\n<p>The large-scale acquisition suggests the whales are betting on XRP\u2019s price increasing as the case between Ripple and the SEC nears its end.<\/p>\n<figure class=\"wp-block-image size-full\"><noscript><img decoding=\"async\" src=\"https:\/\/s32659.pcdn.co\/wp-content\/uploads\/2023\/05\/image-651.png.webp\" alt=\"Ripple XRP Price Performance\" class=\"lazy wp-image-327830 lazyload\"\/><\/noscript><figcaption class=\"wp-element-caption\">XRP Price Performance (Source: BeInCrypto)<\/figcaption><\/figure>\n<p>Meanwhile, XRP is trading at $0.4734, up 0.39% in the last 24 hours. The meager gain continues a largely mute week for the digital asset, where it has risen by 1.36%, according to BeInCrypto data.<\/p>\n<p>Blockchain analytical Santiment noted, \u201cXRP\u2019s price has fluctuated very sensitively with each passing news headline.\u201d<\/p>\n<div class=\"notice\">\n<h3>Disclaimer<\/h3>\n<p>In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.<\/p>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/beincrypto.com\/ripple-xrp-lawyer-us\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pro-Ripple lawyer John Deaton highlighted how the ongoing legal battle between the crypto-payment company and the U.S. Securities and Exchange Commission (SEC) had affected the firm\u2019s business. According to Deaton, while many XRP enthusiasts point to its growth outside the U.S., there is a need for adoption on the homefront. Ripple Continues to Expand Since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-5140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Ripple&#039;s Pro-Lawyer Stresses US Market Amid Global Growth - Leading Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadingcryptonews.com\/why-ripples-pro-lawyer-stresses-us-market-amid-global-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Ripple&#039;s Pro-Lawyer Stresses US Market Amid Global Growth\" \/>\n<meta property=\"og:description\" content=\"Pro-Ripple lawyer John Deaton highlighted how the ongoing legal battle between the crypto-payment company and the U.S. Securities and Exchange Commission (SEC) had affected the firm\u2019s business. 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