As Ripple is exchanged in a proportionate triangle shape, the XRP price prediction is still neutral, with supporting at almost half a dollar level. The U. S. state finance control body has asked for an extension until November 30, 2022, in order to provide all short responses in support of Ripple Labs.
Furthermore, the SEC mandated that more Amicus filings be made by November. Court records provided by a former U.S. Magistrate, Torres approved the U.S. petition of attorney James Filan for an extension request from the Securities and Exchange Commission for the deadline for all parties to submit retaliatory briefs. Due to the plot, XRP backers might have to hold off before the 1st fourth part of the upcoming year to submit a claim.
As the case appears to be heavily tilting against the SEC, the Ripple clients are trusting that Torres is going to approve Ripple. Gary Gensler continues to serve as the SEC’s chairman, and criticism of his administration is growing. More than a dozen documents supporting Ripple have been submitted to New York courts as of this writing.
Twitter ought to accept XRP or BTC
To enable Twitter to function as a payment app, the cryptocurrency users disagree on which token has to be added to the information. According to crypto stakeholder Pompliano, only BTC is able to quickly process a significant amount of international microtransactions.
This assertion has been refuted by numerous users on Twitter who claim that the Bitcoin system can just treat seven proceedings secondly. John EA blockchain lawyer, said that day that Deaton referred to the arguments as blatantly wrong, observing that the platform used Ripple’s native token (XRP) for micropayments many years prior to Bitcoin.
The considerations on token choice
Deton claimed to own more BTC tokens than Ripple and stated that he was only going to discuss Ripple in order to keep off being branded as a Ripple zealot.
Additionally, the crypto attorneys asserted that they had previously provided judges with documents outlining how Twitter and other Ripple coin users utilized the cryptocurrency as a redistributed payment system. By following social media updates on Twitter, Reddit, or Discord, users of the program are able to give XRP to anyone.