- A statement to that effect has already appeared on the company’s website
- The CEO of Ripple previously said the case against the SEC was imminent
- Experts believe the company could have a strong victory
- Hedge fund if that happens would greatly accelerate the spread of XRP
It appears that the SEC’s lawsuit against Ripple is nearing completion. And the first to feel the changes in the situation, oddly enough, were the big Wall Street investors. Arrington Capital, for example, has already filed paperwork to register a new fund in XRP.
Reaper Financial CEO and presidential candidate Patrick Riley says. He posted a message to that effect on Twitter yesterday, July 2.</nbsp;
With that statement, there was also a photo of Michael Arrington with Ripple CEO Brad Garlinghouse. What’s more, Arrington Capital’s website does have a new entry under available products:
The SEC has not yet had any comment on the application.. Note that the CEO of Ripple has previously claimed that the case is moving toward its conclusion. What’s more, he has high hopes for Hinman’s documents, which the court has allowed to go public.
If approved, the new hedge fund will open up the Ripple ecosystem to institutional investors. Registering such a product is somewhat easier than, for example, ETFs. But it still has to meet the requirements of the regulator in terms of AML measures.
It’s interesting that Arrington Capital decided to apply now.. Recall that the Securities and Exchange Commission (SEC) has wrapped up all appeals for registration of a spot bitcoin-ETF, noting that they lack transparency.