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$XRP SEC to Appeal Court Ruling in Ripple Case The SEC is expected to appeal the recent court ruling in favor of Ripple Labs, focusing on the classification of XRP's secondary sales as securities. many challenge the decision on programmatic sales, arguing these should be considered unregistered securities. An SEC spokesperson reiterated that securities laws apply to investment contracts regardless of the technology or labels used. The anticipated appeal will also address the significantly reduced fine Ripple was ordered to pay. Judge Analisa Torres ruled that Ripple Labs must pay a $125 million penalty for unregistered XRP sales, much less than the SEC’s original demand of nearly $2 billion. Ripple’s leadership, including CEO Brad Garlinghouse, expressed relief at the outcome. The ruling, issued in July 2023, has created friction between Ripple and the SEC. While Ripple saw the judgment as a victory, it did not establish a definitive legal precedent for other cryptocurrencies. A key unresolved issue is whether a written contract is required under the Howey test to deem an asset a security. Ripple argues that XRP cannot be classified as a security without such a contract, a position the SEC is likely to contest #TONonBinance #xrp🌪️ #xrp⚡⚡ #xrp #xrp🌊 $XLM $XAI
$XRP SEC to Appeal Court Ruling in Ripple Case
The SEC is expected to appeal the recent court ruling in favor of Ripple Labs, focusing on the classification of XRP's secondary sales as securities.
many challenge the decision on programmatic sales, arguing these should be considered unregistered securities. An SEC spokesperson reiterated that securities laws apply to investment contracts regardless of the technology or labels used.
The anticipated appeal will also address the significantly reduced fine Ripple was ordered to pay. Judge Analisa Torres ruled that Ripple Labs must pay a $125 million penalty for unregistered XRP sales, much less than the SEC’s original demand of nearly $2 billion. Ripple’s leadership, including CEO Brad Garlinghouse, expressed relief at the outcome.
The ruling, issued in July 2023, has created friction between Ripple and the SEC. While Ripple saw the judgment as a victory, it did not establish a definitive legal precedent for other cryptocurrencies.
A key unresolved issue is whether a written contract is required under the Howey test to deem an asset a security. Ripple argues that XRP cannot be classified as a security without such a contract, a position the SEC is likely to contest
#TONonBinance #xrp🌪️ #xrp⚡⚡ #xrp #xrp🌊 $XLM $XAI
$XRP XRP Price Could Have a ‘mega Breakout’ Soon, Analyst Says 🫡My dear🫂 brother, please follow us so that you can benefit. ❤️Follow❤️ + 👍Like 👍 so we can distribute public gifts. Thank you Ripple price has held steady this week as crypto analysts predict a big comeback in the coming days. Ripple (XRP) was one of the top-performing cryptocurrencies on Tuesday as traders focused on the Bitcoin movements by the US government. Data by Arkham showed that the government moved Bitcoin worth $2 billion into a custodial account.  Therefore, Bitcoin price retreated from $70,000 to $66,000 as these movements brought memories of the recent selling by the German government, which liquidated coins worth $5 billion this month. The US is a bigger Bitcoin holder than Germany. Data shows that the Federal government holds over 220,000 coins valued at over $15 billion. As such, a move to liquidate these coins would have an impact on the crypto market. Some crypto traders are extremely bullish on Ripple, a coin that has been a top laggard in the past few years. XRP is down by 12% in the past 12 months while Bitcoin (BTC) and Ethereum (ETH) rose by 127% and 80%, respectively. In an X post, Tony Severino, a crypto trader, noted that Ripple’s monthly Bollinger Bands have moved to their tightest level in years. The last time the bands were that tight, XRP price rose by 6,000%. $XRP monthly Bollinger Bands are the tightest everTighter than before the historic 60,000% rally that ended in early 2018 pic.twitter.com/OFTTkcDxDU — Tony "The Bull" Severino, CMT (@tonythebullBTC) July 30, 2024 Bollinger Bands are popular trend indicators made up of three lines. The middle one is the asset’s moving average while the other two are its standard deviations. In most cases, an asset makes a breakout or breakdown after remaining in a tight #XRP🌟 #xrp⭐ #xrp⚡⚡ #xrp🧲 #xrp⚜️ range for a while.
$XRP XRP Price Could Have a ‘mega Breakout’ Soon, Analyst Says
🫡My dear🫂 brother, please follow us so that you can benefit. ❤️Follow❤️ + 👍Like 👍 so we can distribute public gifts. Thank you
Ripple price has held steady this week as crypto analysts predict a big comeback in the coming days.
Ripple (XRP) was one of the top-performing cryptocurrencies on Tuesday as traders focused on the Bitcoin movements by the US government. Data by Arkham showed that the government moved Bitcoin worth $2 billion into a custodial account. 
Therefore, Bitcoin price retreated from $70,000 to $66,000 as these movements brought memories of the recent selling by the German government, which liquidated coins worth $5 billion this month.
The US is a bigger Bitcoin holder than Germany. Data shows that the Federal government holds over 220,000 coins valued at over $15 billion. As such, a move to liquidate these coins would have an impact on the crypto market.
Some crypto traders are extremely bullish on Ripple, a coin that has been a top laggard in the past few years. XRP is down by 12% in the past 12 months while Bitcoin (BTC) and Ethereum (ETH) rose by 127% and 80%, respectively.
In an X post, Tony Severino, a crypto trader, noted that Ripple’s monthly Bollinger Bands have moved to their tightest level in years. The last time the bands were that tight, XRP price rose by 6,000%.
$XRP monthly Bollinger Bands are the tightest everTighter than before the historic 60,000% rally that ended in early 2018 pic.twitter.com/OFTTkcDxDU
— Tony "The Bull" Severino, CMT (@tonythebullBTC) July 30, 2024
Bollinger Bands are popular trend indicators made up of three lines. The middle one is the asset’s moving average while the other two are its standard deviations. In most cases, an asset makes a breakout or breakdown after remaining in a tight #XRP🌟 #xrp⭐ #xrp⚡⚡ #xrp🧲 #xrp⚜️ range for a while.
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