In a headline-grabbing event today, Andrei Ceresny, Ripple's chief lawyer, prepares for a critical discussion with the SEC's Jorge Tenrero. This conversation, titled “Government Enforcement in the Cryptocurrency Arena: Where Do Things Stand?”, is a key part of the Hillebrand Series panel discussion.
Together with legal minds like Claudia Quiroz of the US Department of Justice and legal expert David Zornow, they dive into the nitty-gritty of current cryptocurrency regulations in the US.
Legal minds are coming together
Ceresney, Tenreiro, Quiroz, and Zornow team up to navigate the maze of government oversight of the cryptocurrency business. Against the backdrop of the legal saga between Ripple Labs and the SEC, lawyer Bill Morgan points out that Ripple's situation is different from the Coinbase case. He also points to the SEC's shift, recognizing that XRP is not a security, marking a defining moment for cryptocurrency regulation in the US.
As the legal battles unfold, the broader cryptocurrency market is on the verge of a dramatic bull run. XRP refuses to stay on the sidelines, rising by a remarkable 12% over the past 24 hours. Currently, it is at $0.701, showing a bit of a slowdown on the weekly chart.
Read also: Lawsuit against Ripple and SEC unfazed by Coinbase ruling, expert confirms
XRP is riding the bullish wave
Technical signals and buying pressure suggest that XRP's upward momentum may continue, possibly breaking the $0.8 barrier or even reaching $1 in no time.
Get ready, crypto fans, the ride is about to get interesting!
Did you know? XRP price reaches new high in 2024: reaches $0.74, new revelations in the lawsuit between Ripple and the SEC
