Elon Musk recently shared a tweet complimenting Ripple for its partial victory against the SEC in court. This news has not only been important for Ripple and led to an 80% increase in the XRP price, but it has also brought hope to the crypto industry that the SEC’s power to pressure US crypto companies and tokens may be limited. However, it is worth noting that Musk’s main interest in crypto is Dogecoin, and he has never mentioned XRP or the Ripple-SEC case in his tweets. Additionally, Tesla still holds some of the Bitcoin it purchased earlier this year, despite temporarily accepting it as a payment method for its cars before reversing due to environmental concerns.
AI Sentiment: Neutral