Following Ripple’s settlement with the SEC, the company has blocked a court order blocking the company from selling its XRP tokens directly to institutional promoters. Commenting on the matter, legal expert Fred Rispoli said that it is likely that the SEC will ask the court to lift the ban on sales. If this ban is lifted, Ripple will be able to sell directly to institutions such as hedge funds or private equity firms.
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Following Ripple’s settlement with the SEC, the company has blocked a court order blocking the company from selling its XRP tokens directly to institutional promoters. Commenting on the matter, legal expert Fred Rispoli said that it is likely that the SEC will ask the court to lift the ban on sales. If this ban is lifted, Ripple will be able to sell directly to institutions such as hedge funds or private equity firms.