Since December 2020, Ripple hasn’t rested from negative anticipations of a crash. Instead, the crypto that seemed promising from inception started plummeting when the United States Securities and Exchange Commission (SEC) sued it. The accusation was that the company raised more than $1.3 billion illegitimately. As a result, SEC held the co-founder Christian Larsen and Bradley Garlinghouse, the CEO, accountable for the illegal gains. The court case has already lasted for more than one year. But, surprisingly, on April 14, Ripple CEO Brad Garlinghouse stated that the fight had gone very well. Moreover, his statements and results seem to have yielded favorable fruits for the crypto. Related Reading | Liquidations Cross $230 Million As Ethereum Barrels Past $1,400 In recent news, Ripple co-creator Jed McCaleb declared his intentions to stop dumping XRP. McCaleb is also the founder of Stellar and holds at least 5 million Ripple coins as of writing. In the past, McCaleb had already sold most of his 9 billion XRP holdings. He continued selling his XRPs until it now remains 5 million only. But recently, have decided to keep the remaining coins to secure his family. The Ripple CTO jokingly told sources that he wouldn’t be selling his XRP coins. Instead, he will hold them awaiting when the coins spikes in price. According to him, if 1 XRP sells at $589, he will become a rich man. Another news revealed that the CTO had e...
