US SEC Claims XRP Rides on Speculation

September 30, 2024 at 09:05 AM EDT

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A recent remark from the U.S. Securities and Exchange Commission (SEC) could influence people’s perceptions of XRP, the digital currency associated with Ripple.

A document shared by Anderson, a well-known figure in the XRP community, shows that the SEC recognizes the importance of speculation in setting the cost and use of XRP. The document, a part of the SEC v. Ripple litigation, suggests that speculation appears to be a fundamental factor underlying XRP’s…

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