mark cuban revealed secret strategy investing in xrp xrp to 75 000 in april xrp ledger version 1 9
0 was released which includes the xls 20 amendment to extend the functionality of nft in xrpl and
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publicly introduced last may xls 20 is a standard proposed to improve nft support in the xrp
registry xrpl xls20 provides developers with access to basic nft functions such as creation
trading and burning along with the operations of transferring transferring and storing these tokens
other advanced features are also built into the offer such as automatic royalties which provide
more complex structures of royalties for creators and joint ownership of assets the expansion of
nft functionality in xrpl is likely to lead to a significant increase in transaction volume
ripple x developers stated that ripple validators are set to vote against the xls
20 amendment until they are sure of understanding the impact of nft on the main xrp ledger network
thorough performance testing is currently underway to assess the impact of the additional transaction
load on xrpl and eliminate potential bottlenecks the team announced that they will share the
results with the community after completion xrpl is a publicly available decentralized blockchain
and the proposed amendments to the network require 80 of validators to vote for the
amendment before the new code can be implemented into the main network although ripple validators
will vote against the xls20 amendment for now ripple x engineers have meanwhile proposed it
in order to present it to the community and allow developers to test nft functionality and
ensure smooth user experience in the long term by reducing the likelihood of merge conflicts later
a number of performance improvements were included in xrpl1 nine including reduced memory usage for
pathfinding optimized trust line caching and increased network efficiency and stability
improvements were also presented in the logic of registry fetching lock unloading and limited lock
free programming capabilities the features in this latest release are offered and managed by xrpl
server operators demonstrating a shared commitment to improving xrpl performance and innovation we
remain committed to developing best-in-class features tools and open protocols that help
developers scale and create value based on the xrp ledger the securities and exchange commission
sec continues its efforts to protect internal documents related to the speech of former director
of corporate finance of the agency william hinman on june 14 2018 recall that on april 12th judge
sarah netburn rejected the securities and exchange commission's request for a partial revision of the
january 2022 ruling judge netburn in her ruling this month ordered the sec to turn over hinman's
emails to ripple while the securities agency was given 14 days to file an objection to the verdict
the sec also requested an additional four day extension to file a request for judge
netburn's decision the securities and exchange commission has filed a new letter with the court
claiming that attorney-client confidentiality protects internal documents related to hinman
speech in 2018 xrp community hashtag secgov hashtag ripple hashtag xrp the sec has filed
a letter motion asserting the attorney-client privilege in connection with the hinman speech
according to the sec attorney-client privilege extends to hinman's speech since the documents
reflect communication between hinman and sec lawyers the confidential communication between
hinman and sec lawyers was made in order to request and provide legal advice on an issue
within the competence of the sec according to the securities and exchange commission in its letter
attorney-client privilege fully protects the speech of the speech reflecting the legal advice
requested by director hinman as well as lawyers of the financial and other departments of the
corporation the sec concluded meanwhile the sec noted in the letter that it would use the order
to edit two additional comments in some of its internal documents which according to the
securities commission may concern other agencies it is worth noting that the sec in its previous
petitions argued that hinman's speech in 2018 reflects the personal point of view of the former
cfo and not the entire agency and therefore cannot be used as a fact in the ripple case the changes
in the case did not appeal to xrp enthusiasts who turned to various social media platforms
with a request to condemn the recent sec approval meanwhile the document is an important determining
factor in the case that will confirm whether xrp is considered in sec security or not in light of
the latest court ruling the litigation between ripple and the sec may be completed earlier than
expected judge annalisa torres reviewed the letter of summary judgment filed by both parties on
april twenty second twenty twenty two and by her order change the deadlines to shorten the process
this step was taken against the background tactics of procrastination used by the sec in this case
of course judge torres has shortened the time to achieve a reasonable result here
the judge considering the u.s securities and exchange commission sec lawsuit against ripple has
made an unexpected change to the schedule james k phelan a lawyer who is closely following the trial
says judge torres has changed the schedule of the case which was previously planned to
be postponed to 2023 judge torres changes the proposed calendar petitions to exclude expert
testimony must be fully stated by august 30th 2022 petitions for a summary judgment must be
fully set out by november 15 2022. according to lawyer and cryptography expert jeremy hogan the
schedule change indicates that judge torres would like the trial to be completed before christmas
oh it's a nice surprise judge torres s u a spot fancy latin meaning because she wants and can
move the schedule of the brief court session to november fifteenth what do i get out of this she
wants ripple's case against the sec to be closed before christmas last week phelan broke the news
that ripple and the sec had agreed to postpone the opening summaries for summary judgment and
expert assessments to august and the final summaries to a few days before christmas
hogan commented at the time that the settlement was the worst case scenario for a lawsuit and that
he had never seen a plaintiff in a case reject the justice he was seeking however phelan said
that ripple's agreement to the postponement could benefit the company by allowing them to finally
fix the date and avoid further rollbacks many are wondering why ripple agreed to such a schedule
i feel there was a compromise if ripple had not agreed there would have been more scheduling
disputes which in my estimation would have taken even longer and ripple would have lost this battle
if guided by the past then the timetable would have moved to 2023 in my opinion it was a very
smart move on the part of ripple to fix this chart the live xrp price today is zero dollars
88 us dollars with a 24 hour trading volume of 3 billion seven hundred and forty million us dollars
we update our xrp to usd price in real time xrp is down zero four percent in the last 24 hours
do you think xrp will be able to win the court and restore its former price
write the answers in the comments that's it for today thank you for watching this
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