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Ripple To Drop Appeal In XRP Case, SEC Expected To Follow Ripple will drop its cross appeal in its years-long legal battle with the SEC over XRP, with the SEC also planning to drop its own appeal to end the case. The SEC sued Ripple back in 2020, alleging it raised $1.3B by selling unregistered securities through XRP. In 2023, a judge ruled that XRP sales to retail investors were not securities, but $728M in institutional sales were, leading to a $125M penalty, far below the $2B originally sought by the SEC. Ripple and the SEC recently failed in their attempt to lower this fine further. Ripple CEO Brad Garlinghouse said the decision will “close this chapter once and for all” as the company shifts focus back to building XRP-related infrastructure. Sources: Decrypt and Brad Garlinghouse
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Raise your kids right so they don't grow up to be terrible human beings.
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Crypto things you might have missed: -July will be a big month for Bitcoin and crypto! -Trump admin to accumulate as much BTC as they can -DOGE and APT ETF updates -Grayscale is bullish on AVAX -@krakenfx lists DOG -Stocks are hitting new all-time highs📈 JOIN W/ LINK IN BIO💜
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I bought more Bitcoin today. Not a lot, but enough for me.
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Good morning, have a bodacious day.
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