After the $125 million fine, Ripple $0.583018 with SEC The fight between them has largely come to an end. This process, which is critical for all altcoins, has been going on since the end of 2020. So is the case over? We cannot say that it is completely over, there is still the final appeal process ahead of us.
Latest Situation in Ripple Case
The SEC argues that Ripple issued the XRP Coin as an unregistered security/investment contract. Considering recent decisions in other cases (eToro) Bitcoin 
$62,039Ethereum 
$2,433 and Bitcoin Cash 
$344 There are no assets that are not considered securities, except for altcoins. The case at the end of 2020 caused US-based exchanges in particular to quickly delist XRP Coin and its price to drop by 50 percent.
Afterwards, the meaninglessness of the SEC’s stance, which directly or indirectly labeled SOL Coin and dozens of other cryptocurrencies as securities, became generally accepted and was ignored. For example, Coinbase still continues to list assets that the SEC probably sees as securities.
The legal battle between Ripple and the SEC is the biggest legal battle that the SEC has ever fought as an institution. We have seen Telegram and other similar cases resolved much faster. In previous evaluations, we said that the Judge approved the issue of institutional sales as securities. That is why Ripple was fined $125 million.
However, the SEC was not satisfied with the result. It is expected to evaluate the appeal process, which ends in October 2024. Ripple has left $125 million in escrow ahead of the date the penalty decision will be finalized and is prepared for the possible appeal process.
Appeal and XRP Coin
Judge Torres imposed a $125 million fine for violations of certain securities laws, reducing the SEC’s initial multi-billion dollar fine by 94 percent. Ripple officials will be able to breathe easy if the SEC does not appeal by October 7 and the process is complete.
In summary, the critical date ahead is October 7th and as this date approaches, XRP Coin The volatility increase in the price will not be surprising. There is one important detail we know if the SEC appeals. We saw experts report the appeal rates in the cases handled by Torres last year, and it was very low. Still, news of an appeal could bring a short-term decline and cause the trial process to drag on for months. The judge could also quickly dismiss the appeal.
Whatever the outcome Ripple We have now seen the light at the end of the tunnel. After this stage, the value of the altcoin can be increased by expanding the usage area of XRP Coin and other steps to be taken. Of course, the constantly increasing circulation supply makes $3 prices a bit unlikely.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
