Ripple Moves $498M in XRP Ahead of SEC Deadline

In a significant move, blockchain payments firm Ripple transferred 230 million XRP, valued at approximately $498 million, to an undisclosed wallet. This transaction comes amidst a deadline for the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) on June 16th. Experts note that this large transfer coincides with Ripple and the SEC’s push towards potential settlement talks.