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The Ripple Chief Legal Officer (CLO) Stuart Alderoty has drawn the crypto community’s attention to a court transcript highlighting the SEC’s (Securities and Exchange Commission) lack of clear-cut rules for companies it regulates.
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Mike Alfred, a value investor, has ignited a debate with his prediction that XRP, the native currency of the XRP Ledger (XRPL), will remain stagnant at around $0.60 even if Bitcoin soars to $250,000 for the first time.
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The debate of whether or not to burn the more than 40 billion XRP held in escrow by Ripple has continued to wax stronger. As it continues to gain widespread popularity, it has drawn the attention of execs at the crypto firm.
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