Ripple’s XRP has achieved a significant milestone, with the number of its wallets surpassing the 5 million mark. This notable increase, which has been observed throughout 2023, indicates a growing user base and wider adoption of the asset, potentially boosting investor confidence. The start of the previous year saw the figure at approximately 4 million.
This accomplishment coincides with a rise in the overall number of executed XRP transactions. Since the beginning of the current year, the figure has consistently been well above 5 million.
2024 is shaping up to be a pivotal year for Ripple, with a series of important developments on the horizon. The most significant of these is the impending lawsuit against the United Securities and Exchange Commission (SEC). The grand trial for this lengthy legal battle is scheduled for April 23. As it stands, Ripple appears to have the advantage, having secured three crucial, albeit partial, court victories last year.
In addition to the SEC lawsuit, Ripple is also involved in another legal case, Zakinov v Ripple Labs. This trial has been delayed multiple times over the past few years and is now set to commence on April 15, 2024. A motion hearing aiming to approve the form and manner of class notice is scheduled for January 11. The Zakinov v Ripple Labs case bears similarities to the SEC lawsuit, with both plaintiffs accusing Ripple of selling XRP as an unregistered security.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | None |
| Companies | United Securities and Exchange Commission, Binance Futures, Ripple Labs |
| Currencies | XRP |
| Securities | None |
