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Ripple (XRP) is one of the most highly respected and reputed cryptocurrencies to exist in space. XRP has long been battling a cumbersome case with the US SEC. The case was filed in 2020 and has been continuing all this while, impacting the token’s price and market prestige for a long time. On the contrary, XRP has left no stone unturned to prove its mettle. From collaborating with leading financial giants to launching its own stablecoin, the firm has certainly come a long way. Will XRP be able to claim new highs if its case with the US SEC is wrapped up sooner than later? Also Read: Ethereum Buyers Pile In as Aya Miyaguchi Takes Over—Will ETH Rebound? US SEC vs. Ripple: What’s The Update? Source: CryptoRank The new US SEC regime under the leadership of Mark Uyeda is currently playing an instrumental role in wrapping up pending legal cases against multiple organizations. For instance, the SEC has concluded a variety of cases against multiple organizations, including Robinhood, Unis...

“BAM has worked in good faith, but the SEC has been steadfast in its belief that the Consent Order gives it carte blanche to investigate every aspect of BAM’s asset custody practices without any discernible limitation whatsoever,” it stated. advertisement While further details regarding the latest development are awaiting, crypto exchange Binance has been battling the fraud charges slapped by the SEC in June 2023. The same month later, the two parties reached an agreement that allows Binance to continue operations in the US. The suggested deal permits only Binance.US staff to access customer funds on the American crypto exchange. Binance Global leaders will not be allowed to access private keys for any wallets, including cold and hot wallets, hardware, software, or internal systems of Binance.US . Furthermore, Binance.US is not allowed to give ownership or control of customer assets to anyone, including Binance and CEO Changpeng ...