As a seasoned crypto investor with a decade-long journey through the digital asset wilderness, I must say this latest development in the Ripple vs SEC battle has left me both exhilarated and slightly skeptical. The ruling, while not a complete victory for Ripple, seems to have given XRP a much-needed boost that could potentially catapult it back into the limelight.
The long-standing dispute between Ripple and the US Securities and Exchanges Commission (SEC) may be nearing its end, with Ripple potentially emerging victorious. Today, District Judge Analisa Torries determined that Ripple would pay a fine totaling $125.035 million for violating securities law in institutional sales. It’s worth mentioning that Judge Torries previously granted Ripple Labs a partial victory by deciding that the systematic sale of XRP to individual investors did not break securities laws.
Under the latest decision, XRP‘s value has experienced a significant surge. As per CoinMarketCap, in just an hour, XRP has soared by approximately 22%, currently priced at $0.6123. Over the past day, its price trend has been upward, surpassing 19%. The market capitalization of XRP is now over $34 billion, while its trading volume exceeds $2 billion.
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2024-08-08 00:08