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Home»Ripple»Ripple Co-Founder Jed McCaleb Made U-Turn on Selling His Last 5 Million XRP; Here’s Why
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Ripple

Ripple Co-Founder Jed McCaleb Made U-Turn on Selling His Last 5 Million XRP; Here’s Why

adminBy adminJuly 16, 2022No Comments3 Mins Read
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  • XRP is noteworthy, XRP ledger sets new milestones
  • The latest information on Ripple-SEC proceedings

Former Ripple CTO and co-creator of the XRP ledger, Jed McCaleb, revealed on Friday that he is maintaining the remaining 5 million XRP “in case of recovery.”

According to a CTC News reporter, McCaleb said on a Zoom phone: “”

He continued, “I don’t know, maybe it’s this inflation, maybe the cost of gas, you know, but I’m more secure to me and my family to keep the rest of this XRP. Just have this feeling that it will give. “

It doesn’t seem to be sold out yet, but I’m waiting patiently. pic.twitter.com/XpYYjdENeh

— COL300ER (@CallofLiquidity) July 16, 2022

Since leaving Ripple in 2014, McCaleb has sold millions of XRPs, as of the latest report from Jed’s. Taco stand Twitter account, he still has about 5 million XRP.

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XRP is noteworthy, XRP ledger sets new milestones

Cryptocurrency assets may be worth noting given the surge in XRP trading volume to $ 18.7 billion in the last few hours of Friday, on-chain analytics firm Santiment said. According to Santiment, the XRP network saw a significant anomaly that ended the week.

XRPL’s 73 millionth ledger was successfully closed on July 15th, demonstrating new achievements for the project.

The latest information on Ripple-SEC proceedings

Defendant lawyer James K. Polk shared a record of June 7, 2022 and heard it in front of Judge Netburn. Meanwhile, the parties discussed Hinman’s allegations of attorney / client privileges.

Attorney Philan got the hearing records from June 7th, but my old and abused ears did not fool me.

SEC lawyers actually stated that Hinman’s speech provided market “SEC” guidance.

Gambit has completely collapsed for the SEC with respect to justice defense. https://t.co/ZSqnuNMEXz pic.twitter.com/4b0T2Bf4WE

— Jeremy Hogan (@ attorneyjeremy1) July 15, 2022

XRP-enabled lawyer Jeremy Hogan “The purpose of William Hinman’s speech in 2018 was to provide guidance to the market,” underlined the line in the transcript, “The SEC tried to do that in both ways, but instead. Did not achieve that. “

In addition, Hogan replied to Twitter user “She will make that decision with summary judgment, so it’s the December-March time frame,” he said, seeking a possible time for a decision on defense of justice.

Other updates shared by lawyers James K. Phillan“Both parties outline various requests and justifications for fine-tuned editing of the documents filed in connection with amici’s allegation to participate in the opposition to one of the SEC’s experts. I submitted a letter to

cofounder Heres Jed McCaleb Million Ripple selling Uturn XRP
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