FOX Enterprise journalist Eleanor Terrett revealed an explosive leak in a tweet yesterday at 10 pm EST, which might have an effect on all the crypto business or allegedly Ripple and its authorized battle with the U.S. Securities and Alternate Fee (SEC).

Terrett wrote that she discovered from an nameless supply near the SEC that the U.S. company will make an enormous announcement for the crypto business tomorrow. The journalist speculates that the announcement might come after 2 pm EST, because the SEC is holding a closed assembly at the moment:

My SEC sources inform me to be ready for a probably huge announcement tomorrow. May it have one thing to do with a Kraken settlement following a closed assembly at 2pm? May settlement phrases have business ramifications? We’ll see.

Terrett’s tweet has sparked hypothesis about what the announcement would possibly entail. She herself cites a settlement reached by U.S. alternate Kraken with the U.S. Securities and Alternate Fee.

On Wednesday, it was revealed that Kraken is underneath investigation for alleged violations of U.S. securities legal guidelines. Bloomberg reported that the investigation was in an “superior stage.” Citing an nameless supply, the report acknowledged {that a} settlement may very well be reached “within the coming days.”

May It Be A Ripple And SEC Settlement?

In the meantime, hopes have emerged within the XRP neighborhood that Ripple could have reached a settlement with SEC. The rumor stems from the truth that the SEC case in opposition to Ripple is absolutely briefed and now awaiting a choice from decide Analisa Torres, as Bitcoinist reported.

XRP neighborhood lawyer John E. Deaton has argued in earlier tweets {that a} settlement is unlikely earlier than the courtroom ruling. Deaton believes the regulator is ready to struggle to the top.

Nonetheless, LBRY’s current partial victory in its case in opposition to the SEC could have been a game-changer. The SEC was compelled to confess reside on tape that secondary market gross sales don’t represent securities transactions. Nonetheless, it stays pure hypothesis whether or not the SEC’s announcement will revolve round Ripple’s case.

One other sizzling conjecture is an announcement by the SEC on cryptocurrency staking. Coinbase CEO Brian Armstrong tweeted yesterday rumoring that the SEC plans to limit retail traders from taking part in crypto staking. As anticipated, such an announcement might even have a major impression available on the market.

At press time, the XRP value stood at $0.3925, down barely according to the broader market development. In the meanwhile, the XRP value is discovering essential help on the 50 and 100-day EMA.

Ripple XRP USD
XRP value discovering help on the 50/100-day EMA| Supply: XRPUSD on

Featured picture from sergeitokmakov / Pixabay, Chart from


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