XRP News Today: SEC Shakeup Could Propel XRP To $10 As Ripple Case Takes A Turn

The SEC’s legal battle with Ripple is heating up, and a major shakeup could change everything for XRP – a topic we’ll analyze further below.

At the same time, Bitcoin still struggles as a practical payment method, but PlutoChain ($PLUTO) might be able to fix that with a hybrid L2 solution.

Let’s look at the deets for both projects.

XRP Price Prediction: Could a Major SEC Shakeup Push XRP Toward the $10 Mark?

XRP is currently trading at around $2.41, down 0.21% in the last 24 hours. During this time, its trading volume has reached approximately $3.33 billion.

A nonprofit watchdog, Empower Oversight, has filed a lawsuit demanding the release of an internal SEC report related to potential conflicts of interest. The focus is on former SEC official William Hinman, who had ties to Simpson Thacher, a firm connected to the Ethereum Enterprise Alliance.

Critics argue that Hinman’s association may have influenced the SEC’s approach to crypto regulation, which raises concerns about bias in the case against Ripple. If this lawsuit uncovers damaging information, it could put the SEC in a difficult position and potentially force it to reconsider its appeal against Ripple.

Hugo, a crypto analyst on X, believes XRP has confirmed a breakout and expects it to surge significantly once the bull run resumes, with a minimum target of $10.

PlutoChain ($PLUTO) Is a Hybrid Layer-2 Upgrade That Could Finally Make Bitcoin a Fast, Affordable, and Everyday Payment Solution

Bitcoin is one of the most valuable digital assets, but using it for everyday transactions isn’t easy. Many businesses don’t accept it, and since transactions can’t be reversed, handling refunds and disputes is a hassle.

These challenges have kept Bitcoin from becoming a practical payment option. PlutoChain ($PLUTO) has a strong potential to change that. As a Layer-2 solution, it could speed up transactions and lower costs.

Instead of Bitcoin’s standard 10 minute block time, PlutoChain offers a block time of just two seconds on its Layer-2 network. By working alongside it, this could make Bitcoin much more convenient for everyday purchases.

Lower fees are another major plus. By cutting costs, PlutoChain could help Bitcoin function as a real payment system, which might make it easier for businesses and individuals to use BTC without worrying about high transaction fees.

But PlutoChain does more than just improve speed and affordability. With Ethereum Virtual Machine (EVM) compatibility, it could connect Bitcoin to DeFi apps, NFT marketplaces, and AI-powered blockchain projects. This could create new ways to use BTC beyond simply holding it as a store of value.

Security is also a top priority. PlutoChain has been audited by SolidProof, QuillAudits, and Assure DeFi. The network undergoes regular code reviews and stress tests to make sure its system is safe and reliable.

During its testnet phase, PlutoChain successfully processed over 43,200 transactions in a single day, which demonstrates it can scale efficiently.

Unlike Bitcoin, where miners and developers control upgrades, PlutoChain puts decision-making in the hands of users. It allows the community to propose and vote on network changes and could make Bitcoin more decentralized, transparent, and adaptable.

The Takeaway

With the SEC facing legal pressure, XRP’s case could take a major turn and even lead to greater adoption.

Meanwhile, PlutoChain ($PLUTO) might be an interesting project to watch in the coming weeks. Its Layer-2 solution could finally make Bitcoin practical for everyday use by offering faster transactions, lower fees, and DeFi integration.

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Remember, this article is not financial or trading advice. All cryptocurrencies are volatile, and past performance is not a guarantee of future results. Always conduct your own research and/or consult with experts before making any crypto-related decisions. Trade responsibly. Forward-looking statements are uncertain and might not be updated.

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