Is Ripple Setting With SEC? Experts Thinks This Rumor Will Push XRP and Algotech to New Highs

As the cryptocurrency market remains as volatile as ever, Ripple (XRP) finds itself at the center of speculation once again. Recent rumors suggest that Ripple might be nearing a settlement with the SEC, a development that could have significant implications for the broader market. 

Experts believe that such a settlement could not only bolster the price of Ripple (XRP) but also provide a substantial boost to Algotech, another rising star in the crypto space. 

In this article, we delve into the latest developments, expert opinions, and what this could mean for investors in Ripple (XRP) and Algotech.

Ripple vs. SEC settlement speculation heats up

Speculation about a potential settlement in the Ripple (XRP) case surged on Tuesday. Investors are optimistic that the SEC will discuss settlement terms in their closed meeting on July 25.

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In July 2023, Judge Analisa Torres ruled that Ripple violated US securities laws by selling unregistered Ripple (XRP) to institutional investors. However, she also ruled that Programmatic Sales of Ripple (XRP) do not meet the third prong of the Howey Test. 

A settlement could clarify the penalty Ripple (XRP) must pay and potentially halt the SEC’s appeal plans regarding the Programmatic Sales ruling, setting a significant precedent for the US digital asset market.

On July 13, 2023, Ripple (XRP) spiked from a low of $0.4696 to a high of $0.9327 following the Programmatic Sales ruling. However, fears of an SEC appeal brought XRP back below $0.60 in August. A definitive settlement in the Ripple case could propel Ripple (XRP) back toward the $1.00 mark.

Political developments in the crypto space

On Tuesday, pro-crypto lawyer MetaLawMan shared a post from the Crypto Show’s Mario Nawfal about Vice President Kamala Harris planning to speak at the Bitcoin Conference. 

Nawfal commented on a Fox News report, suggesting Harris’s participation alongside Trump at the conference could indicate bipartisan support for Bitcoin, signaling a potential shift in the political landscape toward digital assets.

MetaLawMan highlighted this news, emphasizing the importance of actions over words, suggesting a possible bipartisan pivot towards crypto. 

The growing crypto Vote

The crypto vote has gained traction recently. In May, Donald Trump urged crypto supporters to vote for him. In 2023, Coinbase launched the #StandWithCrypto Campaign to raise awareness on Capitol Hill, noting that 52 million Americans owned crypto. 

This number may have increased with the launch of the US BTC-spot ETF market. With President Biden stepping down and Harris stepping in, the Democrats have a prime opportunity to shift from their anti-crypto stance.

Algotech (ALGT) poised for new highs during Ripple settlement speculation

As rumors swirl about Ripple (XRP) settling with the SEC, experts believe Algotech (ALGT) could reach new heights. Algotech is quickly becoming a leader in AI-powered DeFi with its revolutionary algorithmic trading approach.

The platform’s innovative features and impressive presale performance have captured significant attention in the crypto space. A staggering 163,896,946 ALGT tokens, representing a vast majority of the available supply, have already been sold.

Market analysts are bullish on Algotech (ALGT), predicting its potential to dominate the crypto market with cutting-edge trading strategies and advanced infrastructure. During the bonus stage of its presale, Algotech raised over $9.6 million, demonstrating strong investor confidence.

In addition to its focus on AI-powered trading, Algotech (ALGT) is committed to community engagement. The platform provides detailed reporting and analytics tools, along with educational initiatives through social trading features, empowering even novice investors to navigate the DeFi landscape.

Investors are closely watching Algotech (ALGT) as its official listing on cryptocurrency exchanges approaches.

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