Real Vision CEO Raoul Pal explained why he owns XRP and how he sees the risk/reward ratio of the crypto asset.
In a recent interview with Thinking Crypto, the former Goldman Sachs executive said that he bought some XRP about a year ago, citing the US Securities and Exchange Commission’s (SEC) lawsuit against Ripple as the primary factor:
The SEC filed charges against Ripple last December, alleging that the San Francisco-based payments firm sold XRP as an unregistered security at launch. The regulator claims that XRP remains a security to this day.
Pal says the XRP bet is entirely dependent on the court case.
Ripple CEO Brad Garlinghouse said last month that he hopes the legal battle will be resolved next year.
XRP, at the time of writing 0.852485 It was traded in dollars. Cryptocurrency has gained 4% in the last 24 hours.