SEC Will Make Major Announcement Today, Ripple Settlement?

FOX Enterprise journalist Eleanor Terrett revealed an explosive leak in a tweet yesterday at 10 pm EST, which may have an effect on your complete crypto trade or allegedly Ripple and its authorized battle with the U.S. Securities and Change Fee (SEC).

Terrett wrote that she discovered from an nameless supply near the SEC that the U.S. company will make an enormous announcement for the crypto trade tomorrow. The journalist speculates that the announcement may come after 2 pm EST, because the SEC is holding a closed assembly at the moment:

My SEC sources inform me to be ready for a probably massive announcement tomorrow. Might it have one thing to do with a Kraken settlement following a closed assembly at 2pm? Might settlement phrases have trade ramifications? We’ll see.

Terrett’s tweet has sparked hypothesis about what the announcement may entail. She herself cites a settlement reached by U.S. change Kraken with the U.S. Securities and Change Fee.

On Wednesday, it was revealed that Kraken is beneath investigation for alleged violations of U.S. securities legal guidelines. Bloomberg reported that the investigation was in an “superior stage.” Citing an nameless supply, the report acknowledged {that a} settlement may very well be reached “within the coming days.”

Might It Be A Ripple And SEC Settlement?

In the meantime, hopes have emerged within the XRP group that Ripple might have reached a settlement with SEC. The rumor stems from the truth that the SEC case in opposition to Ripple is absolutely briefed and now awaiting a call from decide Analisa Torres, as Bitcoinist reported.

XRP group lawyer John E. Deaton has argued in earlier tweets {that a} settlement is unlikely earlier than the courtroom ruling. Deaton believes the regulator is ready to combat to the top.

Nevertheless, LBRY’s current partial victory in its case in opposition to the SEC might have been a game-changer. The SEC was compelled to confess reside on tape that secondary market gross sales don’t represent securities transactions. Nonetheless, it stays pure hypothesis whether or not the SEC’s announcement will revolve round Ripple’s case.

One other sizzling conjecture is an announcement by the SEC on cryptocurrency staking. Coinbase CEO Brian Armstrong tweeted yesterday rumoring that the SEC plans to limit retail buyers from collaborating in crypto staking. As anticipated, such an announcement may even have a major affect available on the market.

At press time, the XRP worth stood at $0.3925, down barely in keeping with the broader market development. In the mean time, the XRP worth is discovering essential help on the 50 and 100-day EMA.

Featured picture from sergeitokmakov / Pixabay, Chart from TradingView.com