US Securities and Stock Exchange Commission (SEC) and Ripple $2.17 The 3 -year legal struggle between Labs comes with reconciliation signals. The parties, 125 million dollars of penalties in addition to the new demands learned. Ripple’s law team’s objections are effective in the prolongation of the process. If a compromise is achieved, an important precedent may be formed in the regulation of the crypto currency market. Investors are eagerly awaiting the impact of the decision on XRP and other crypto currencies.
Current Developments in Ripple – SEC Case
The case, which started in 2020, focuses on the sale of Ripple’s XRP tokens as “securities”. While the court counts the sales of the company to corporate customers, it did not consider individual sales in this context. SEC demanded additional sanctions to Ripple during the appeal process. Ripple argues that the penalty is high and the uncertainty of the existing regulations.
Journalist Eleanor Terrett announced that negotiations are slowly progressing due to the demands of Ripple’s legal team. It is claimed that the company strives for a constructive agreement with SEC but opposes items that will restrict its institutional activities. The process is expected to result in 2024, while the parties are under pressure for final reconciliation.
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Expected Effects of the Process on Crypto Money Market
The conclusion of the Ripple-SEC case is critical for the crypto currency market. Reconciliation may guide crypto currency regulations in the US. In particular, the securities classification will directly affect other crypto projects. SEC’s decisions in the Coinbase case and the White House’s digital existence policies are progressing in parallel with this process.
Market analysts suggest that the agreement can increase the liquidity of XRP. Investors estimate that corporate investments will accelerate with the increase in regulatory clarity. However, if the SEC continues its harsh attitude, it is warned that the activities of crypto currency exchanges can be restricted. In global markets, the US decisions will affect other countries.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
