Ripple News: The crucial legal between U.S. Securities and Exchange Commission (SEC) and Ripple Labs is expecting to receive a Summary Judgement from the District court. Sure of bagging a win, Ripple reportedly hosted a private session with several major investors expecting a verdict in the XRP lawsuit by the end of this year.
Ripple And Private Meeting With Top Wall Street Analysts
Eleanor Terrett, a Fox Business Journalist reported that Ripple organized a private road show in April 2023. It is being suggested as a marketing event where a firm and its underwriters engage with several potential investors to seek the possibility of an Initial public offering (IPO). She added that the event was attended by top institutional investment firms on the Street.
She mentioned that this meeting doesn’t suggests that Ripple will go public in a few months from now. A company requires at least 6 months to go in for an IPO. However, the recent investor meeting hints that the blockchain firm is planning for something big ahead. Read More XRP News Here…
XRP Lawsuit End Soon?
Back in May 2022, Ripple CEO, Brad Garlinghouse during the World Economic Forum in Davos reportedly said that the company will explore the possibility of an IPO once the legal battle with the US SEC comes to an end. However, he expected that the commission won’t slow down the process to gain regulatory clarity.
Recommended Articles
Crypto Presale Projects For 2023 To Invest; Updated List Must Read 
Best Crypto Exchange Affiliate Programs In 2023 Must Read 
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] Must Read 
Crypto Telegram Channels List 2023 [Updated] Must Read 
Top 10 Web3 Games To Explore In 2023; Here List Must Read
The recent developments in the XRP lawsuit have turned out to be positive for the defendants. The court recently declined SEC’s motion to seal the Hinman speech linked documents and order to make them public.
XRP price has rejoiced with the positive updates coming out of the SEC lawsuit. XRP price registered a surge of more than 37% in the last 30 days. It is trading at an average price of $0.51, at the press time.
