{"id":120861,"date":"2021-04-12T17:15:05","date_gmt":"2021-04-12T17:15:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=120861"},"modified":"2021-04-12T17:15:05","modified_gmt":"2021-04-12T17:15:05","slug":"pundits-urge-sec-to-retract-lawsuit-against-ripple-following-xrps-winning-streak","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/pundits-urge-sec-to-retract-lawsuit-against-ripple-following-xrps-winning-streak\/","title":{"rendered":"Pundits Urge SEC To Retract Lawsuit Against Ripple Following XRP's Winning Streak"},"content":{"rendered":"

As the legal battle between the SEC and Ripple Labs founding members Brad Garlinghouse and Christian Larsen continues, the cryptocurrency community has given their two cents on where the tussle is headed, and most importantly, why the SEC should call it quits and concede to defeat. CNBC\u2019s Ran Neuner chimed in like his other counterparts, sharing that what he believed would be best for the accusers to do at this point.<\/p>\n

\u201cHaving followed the SEC vs Ripple case and the judge\u2019s attitude to date, I would suggest the SEC withdraw the case and avoid the embarrassment.\u201d<\/em> He posted on Twitter.\u00a0<\/p>\n

Investigate and withdraw the lawsuit<\/strong>“<\/h2>\n

Neuner is not the odd one out, as far as recent sentiments are considered. His stances reflect that of other pundits who are almost convinced that Ripple\u2019s founders are likely to go home victorious. Meanwhile, Ripple advocates are taking it a step further, as Thomas Hodge recently launched a petition, asking the SEC\u2019s incoming Chairman to withdraw the lawsuit.<\/p>\n

Excerpts from the petition reads:<\/p>\n

\u201cWe\u2019re asking\u00a0Gary Gensler, as soon as is confirmed as Chairman of the SEC, to take a close look at the SEC\u2019s allegations against Ripple Labs, its cofounders, and the harm the SEC\u2019s actions have already \u2013 and needlessly \u2013 caused to holders of the digital currency\u00a0XRP.\u201d\u00a0<\/em><\/strong><\/p>\n

The petition also contained a few key points, one of which includes Hodge requesting that the SEC inspects the reasons for the lawsuit a second time. He also suggests, like many others that the lawsuit is simply an indirect method being leveraged by the SEC to impose new rules. Taking out time to speak to XRP holders and educating himself on how it meant to treat investors fairly, were one of the few requests.<\/p>\n

While other cryptocurrency enthusiasts may disagree with Hodge\u2019s requests, one of them effectively sums up a request that most users largely hope the SEC will grant in the future. As quoted from Hodge\u2019s piece, he tasks the incoming Chairman to \u201cJoin together with U.S. crypto and blockchain developers and digital asset holders to develop a clear regulatory framework for everyone.\u201d<\/em><\/p>\n

XRP spikes 30% following key legal win<\/strong><\/h2>\n

Per our recent report, Ripple has been on the winning end, following the court\u2019s refusal to grant the SEC access to Ripple Execs’ personal finance records. Shortly after the legal win hit the media, XRP surged 38%.<\/p>\n

<\/p>\n

This brings the total price jump from last week to 110%. While Bitcoin and Ethereum were correcting losses at this time, XRP bulls moved the asset from $1.01 to $1.39. For the first quarter of the year, XRP has now surged over 500%.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As the legal battle between the SEC<\/p>\n","protected":false},"author":3,"featured_media":120860,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nPundits Urge SEC To Retract Lawsuit Against Ripple Following XRP's Winning Streak - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/pundits-urge-sec-to-retract-lawsuit-against-ripple-following-xrps-winning-streak\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pundits Urge SEC To Retract Lawsuit Against Ripple Following XRP's Winning Streak - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"As the legal battle between the SEC\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/pundits-urge-sec-to-retract-lawsuit-against-ripple-following-xrps-winning-streak\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-12T17:15:05+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/Pundits-Urge-SEC-To-Retract-Lawsuit-Against-Ripple-Following-XRPs-Winning-Streak-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/pundits-urge-sec-to-retract-lawsuit-against-ripple-following-xrps-winning-streak\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/pundits-urge-sec-to-retract-lawsuit-against-ripple-following-xrps-winning-streak\/\",\"name\":\"Pundits Urge SEC To Retract Lawsuit Against Ripple Following XRP's Winning Streak - 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