Legal Experts Explain XRP Has Leverage, As Sui Reaches ATH, New Utility Coin Yeti Ouro Takes Market by Storm

Ripple’s Leverage in SEC Settlement Discussions

The Ripple-SEC case remains a topic of discussion, and lawyers think that Ripple may settle for less than $125 million. Lawyer Jeremy Hogan also had queries in relation to Ripple’s possible ‘leverage’ especially in the cross-appeal concerning sales of XRP to institutional investors.

Ripple’s lawyer James Murphy affirmed this stance, and for this, he used the analogy of XRP sales being similar to commodity sales. He said, “This scenario is similar to the Howey case in which sales were not held to be investment contracts.” Subsequently, Ripple’s argument could impact settlement negotiations, and the SEC might not want to extend the appeals process which may erode its regulatory position.

The ability of Ripple to employ these arguments as a bargaining chip makes a lower settlement fee feasible. Even though there is no explicit contract, the discussions suggest that Ripple is prepared for a positive result.

Sui’s Price Surge Outpaces Solana Year-to-Date

Sui has become a crypto gem in the market, with the coin rising by 740% in the last four months. At $3.66 the layer-one blockchain has done better than its rival Solana.

Crypto analyst Michael Van de Poppe has recently referred to Sui as the “best option” during the Bitcoin dip after hitting an ATH of $3.93 on Nov 17. The confidence that investors have in Sui can be seen in the Open Interest (OI) in the futures markets which has now hit a record $826 million. The project has a unique selling proposition in that it offers a faster and cheaper blockchain solution than Solana.

Some of the market analysts also revealed that Sui may continue to experience price fluctuations, with some projecting the price to rise to $18. This positivity is enhanced by the advancement of the asset in the technical aspects as well as the overall enthusiasm in the crypto space.

Yeti Ouro’s P2E Game Gains Momentum with Exclusive Video

Yeti Ouro, an Ethereum-based utility memecoin, is gaining traction in the cryptocurrency market through its Play-to-Earn (P2E) ecosystem. The project has raised over $508,000 in its ongoing presale and is offering a 20% bonus for early investors until November 25.

Yeti Ouro aims to merge meme culture with real-world utility, offering scarcity with a capped supply of 1 billion tokens.

Join the Yeti Ouro Community

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