Why Ripple’s Victory Against The SEC May Be Short-Lived: Legal Expert
The news of Ripple’s recent partial victory against the SEC after a legal battle spanning almost three years sent a ripple of joy around the entire crypto industry. However, according to a legal expert on Twitter, Lawyer Bryan Jacoutot, the victory might be short-lived as SEC has enough grounds to appeal the decision and drag this thing out for a lot longer. The SEC’s Lawsuit Against Ripple Labs The SEC filed a lawsuit against Ripple Labs in December 2020, alleging that Ripple had conducted an unregistered securities offering worth over $1.3 billion through the sale of XRP.....
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Following the Ripple partial victory over the SEC back in early July, the XRP price grew rapidly and climbed double-digits to secure a new yearly high. However, this has turned out to be short-lived as less than two months later, the cryptocurrency has once again succumbed to the bears. This has wiped out its gains […]
Crypto pundit Pumpius is drawing attention to what he calls the “XRP Endgame,” saying all the key pieces are falling into place for Ripple and its token. According to him, these shifts put XRP in a rare position to rise above other digital assets. Global rules and banking standards are also moving in Ripple’s favor at the same time. Pundit: Institutional Rails And Legal Clarity Cement XRP’s Role Pumpius stresses that Ripple’s victory in its long fight with the SEC is not just a legal win but a turning point. After years in court, XRP now has the strongest legal clarity of any....
On June 20, Ripple Labs Inc. scored a pivotal victory in its ongoing legal challenges, specifically in the federal class action suit filed in the Northern District of California. The case (4:18-cv-06753-PJH), presided over by Judge Phyllis J. Hamilton has been closely monitored by the XRP community due to its potential implications for the classification […]
Ripple, the company behind XRP, prevailed in its legal battle against the United States Securities and Exchange Commission (SEC) in the past week, causing the cryptocurrency industry to experience a surge of enthusiasm. The SEC had filed a lawsuit against Ripple, accusing the payments and technology company of selling security-like XRP tokens to investors. Judge […]
The XRP token has attracted much attention, especially because of Ripple’s ongoing legal battle with the US Securities and Exchange Commission (SEC). This has led to speculations on whether Ripple is able to control the XRP price or not. So crypto analysts have chimed in to share their opinions. No Ripple Effect On XRP? Pro-XRP influencer Crypto Eri stated in a tweet that she doesn’t rely on the “efforts of Ripple” to increase XRP’s value. She suggested that the crypto company hasn’t done much to grow the token as it accounts for a “single digit impact on volume.” Related Reading: Pro-XRP....