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Cryptocurrency News Articles
Crypto Attorney Urges Elon Musk to Include XRP in X (Formerly Twitter) Payment Services
Aug 09, 2024 at 09:16 am
Fred Rispoli, known for his strong support of XRP Cryptocurrency, highlighted this moment as a “golden opportunity” for Elon Musk to challenge the SEC
Crypto attorney Fred Rispoli has recently urged Elon Musk to include XRP in the payment services of X (formerly Twitter). This suggestion comes after the conclusion of a lengthy legal battle between San Francisco headquartered fintech firm Ripple and the U.S. Securities and Exchange Commission (SEC).
The lawsuit ended with a partial victory for Ripple, where the court imposed a significantly reduced fine of $125 million instead of the SEC’s original demand of nearly $2 billion.
Rispoli, known for his strong support of XRP Cryptocurrency, highlighted this moment as a “golden opportunity” for Elon Musk to challenge the SEC’s authority by integrating XRP Cryptocurrency into X’s upcoming payment system X Payments.
This XRP coin supporter believes that including XRP would not only boost the cryptocurrency’s legitimacy but also align with Musk’s previous interest in cryptocurrencies like Dogecoin and Bitcoin.
X Payments is initially expected to support only fiat currencies, but there is growing speculation that cryptocurrencies might be included later, especially given Musk’s influence and enthusiasm for the sector.
So far, no response has come from Elon Musk or X Payments executives in the public domain. It is also expected that they will not respond, as Musk has already faced significant legal hurdles due to his support of Dogecoin.
XRP price action
The current trading price of XRP is $0.61, which is 3.5% higher over the last 24 hours. Following the court ruling in favor of Ripple, the price of XRP has been bullish for the past 48 hours.
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