<\/p>\n
The Ripple community is currently at the edge of their seats after the company\u2019s founder and CEO made announcements to officially host a party to commemorate the cryptocurrency\u2019s triumph against the US SEC.\u00a0<\/span><\/p>\n Ripple, a leading global payments network, declared openly on Monday, August 28, its intentions to throw a dedicatory party to honor its <\/span>win<\/span><\/a> over the United States Securities and Exchange Commission (SEC).\u00a0<\/span><\/p>\n Ripple\u2019s win against the US SEC is not only a positive result for the cryptocurrency, but a significant milestone for the cryptocurrency industry in regards to <\/span>regulatory clarity and transparency<\/span><\/a>.\u00a0<\/span><\/p>\n It\u2019s understandable the relief the Ripple community feels after going through many hurdles that came with the SEC lawsuit, not just in monetary losses, but in its reputation and position as a cryptocurrency with as much potential as Bitcoin.\u00a0<\/span><\/p>\n Ripple has disclosed some information about the celebratory party on <\/span>X<\/span><\/a> (formerly known as Twitter). The cryptocurrency firm stated that the party will be hosted in New York City on Friday, September 29, emphasizing to the general public to \u201csave the date\u201d and look forward to a great celebration.<\/span><\/p>\n \u201cWe\u2019re hosting a community celebration on September 29 in New York City! Stay tuned for more details to come later this week,\u201d Ripple tweeted.<\/span><\/p>\n The CEO of Ripple, Brad Garlinghouse also took to X, enthusiastically informing the public of the date of the party and how he looks forward to properly commemorating the cryptocurrency\u2019s victory against the US SEC.\u00a0<\/span><\/p>\n \u201cAs promised \u2013 it\u2019s time for that proper victory party,\u201d Garlinghouse said. \u201cThe last few years have been quite the journey and I look forward to sharing a celebratory toast on Sept 29 in NYC!\u201d<\/span><\/p>\n<\/p>\n Ripple and the US SEC have been embroiled in a lawsuit for years. The SEC first filed a lawsuit against Ripple in 2020, alleging that the cryptocurrency firm was selling unregistered securities in its native token, XRP.\u00a0<\/span><\/p>\n Instead of accepting the SEC\u2019s demands and paying the liabilities, Ripple responded to the allegations by engaging in a <\/span>legal battle<\/span><\/a> that has been ongoing for about three years.\u00a0<\/span><\/p>\n During those years, Ripple has lost hundreds of millions of dollars in its effort to defend against the SEC\u2019s allegations. Its native cryptocurrency was delisted from several exchanges including Bitstamp. The token also suffered from massive liquidations in the XRP futures contract.<\/span><\/p>\n It was only this year that things started turning around for the cryptocurrency after Judge Analisa Torres ruled in favor of Ripple and declared that programmatic XRP sales should not be labeled a security.\u00a0<\/span><\/p>\n XRP sales jumped following Ripple\u2019s partial win against the SEC. The cryptocurrency firm also inked a new partnership with <\/span>Mastercard<\/span><\/a> and is poised to be listed on <\/span>Gemini<\/span><\/a>.\u00a0<\/span><\/p>\n Even though the <\/span>SEC is not too happy with Ripple\u2019s win<\/span><\/a> over the case and has submitted an interlocutory appeal against the cryptocurrency firm, XRP\u2019s price remains somewhat stable. The crypto firm has also remained strong and enjoyed the support of notable cryptocurrency enthusiasts including Pantera CEO, Dan Morehead who labeled Ripple\u2019s victory as a \u201c<\/span>positive black swan<\/span><\/a>.\u201d<\/span><\/p>\n Featured image from iStock, chart from Tradingview.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" The Ripple community is currently at the edge of their seats after the company\u2019s founder and CEO made announcements to officially host a party to commemorate the cryptocurrency\u2019s triumph against the US SEC.\u00a0 Hosting A Grand Celebratory Bash Ripple, a leading global payments network, declared openly on Monday, August 28, its intentions to throw a […]<\/p>\n","protected":false},"author":2,"featured_media":144114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-144113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=144113"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144113\/revisions"}],"predecessor-version":[{"id":144115,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/144113\/revisions\/144115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/144114"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=144113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=144113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=144113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Hosting A Grand Celebratory Bash<\/h2>\n
Token maintains above $0.51 as Ripple celebrates | Source: XRPUSDT on Tradingview.com<\/a><\/pre>\n
The Spin-Off From Ripple And SEC Lawsuit<\/h2>\n