Altcoin
Pro-XRP Lawyer Enjoining Elon Musk To Integrate XRP To X Payments
In the wake of Ripple’s recent success in the lawsuit against the SEC, attorney Fred Rispoli has taken to X, urging the American entrepreneur Elon Musk to integrate XRP into X Payments. Today, the pro-Ripple lawyer ask Musk to “announce XRP will be part of the
X Payments platform.” Meanwhile, Judge Analisa Torres’ recent ruling in the Ripple vs SEC lawsuit has turned the tides in favor of the American blockchain payments company.
Fred Rispoli Urges Elon Musk For XRP Integration
In a post on X by Fred Rispoli today, August 8, the attorney stated, “Elon Musk, You have a golden opportunity right now to legally say eff you to SEC after its loss today to Ripple.” He stressed on adding Ripple’s native crypto to the X payments system, stating, “Run it through X legal, I bet Adam would agree with me.”
These statements have gained significant traction across the industry in light of the SEC’s recent setback in the Ripple lawsuit. Judge Analisa Torres negated the proposed $2 billion penalty, instead imposing a $125 million penalty on the American blockchain payments firm in her recent ruling. Furthermore, the ruling related to the motion for remedies revealed no disgorgements for Ripple.
Meanwhile, “Current sales of XRP post-Complaint do not necessarily violate federal law,” Rispoli added in a post on X. However, he also stated, “That battle is for another day (meaning a new lawsuit).”
Nonetheless, the recent ruling has drastically favored Ripple, as also seen by the native token gaining nearly 18% today. Should Elon Musk, the Tesla and SpaceX CEO, agree to Rispoli’s remark, the market sentiment for the asset could amass further optimism. However, it’s worth noting that the American entrepreneur has yet to respond to the post.
Also Read: XRP Lawsuit: Ripple Can Sell to Institutions Despite Recent SEC Ruling
Ripple’s Native Crypto Soars
At press time, XRP price noted gains worth 18.37% over the past day to rest at $0.6064. The coin’s 24-hour bottoms and tops were $0.4942 and $0.6408, respectively.
As mentioned above, the recent upside movement aligns with the lawsuit’s relief for Ripple. However, it’s also worth mentioning that the court has given 60 days to the parties to file an appeal against the ruling. Crypto market participants eagerly await the SEC’s response to this matter.
Also, Coinglass data revealed a 47.40% increase in the coin’s futures OI, accompanied by a 474.34% pump in the derivatives volume. Coupled with today’s price upswing, this data hints at a market uptrend for Ripple’s crypto.
Also Read: Metaplanet Secures 1 Billion Yen Loan to Buy Bitcoins, the Best Yen Carry Trade?
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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