New Update on the Buck Ripple Legal Dispute and SEC: How Will Cryptocurrency Change?
Status of Legal Procedures Before Deciding Factors
In the latest development of the ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), both parties requested the Second State Police Court to suspend the appeal process pending a ruling from the trial court. On June 16, 2025, the SEC submitted a status report, proposing to maintain the status quo until August 15, 2025, at which point they expect to provide the next update.
Potential Negotiations and Agreements
Earlier this year, both parties reached a preliminary agreement to resolve the case. However, it requires the approval of the trial court to amend the final judgment. According to the proposed agreement, Ripple will face a reduced penalty of $50 million, down from the previous $125 million, with the remainder to be refunded to Ripple. The SEC also agreed to lift the operating ban on the company.
Ruling and Next Steps
Previously, this amendment request was denied by the trial court in May for not providing a sufficient reason for the "special circumstances" qualifying for the change. On June 12, Ripple and the SEC submitted a new joint petition, outlining additional reasons and requesting the court to make a guiding decision.
XRP Price Situation and Impact on the Cryptocurrency Market
Meanwhile, the price of XRP increased by 7%, reaching a peak of $2.34 before slightly decreasing to $2.23. This volatility reflects investor sentiment in the context of pending legal developments.
Conclusion: The Future of Cryptocurrency as Law Intersects with Blockchain
These legal steps will greatly impact the cryptocurrency market, especially for tokens like XRP – a prominent token in the blockchain ecosystem and clearly recognized by the community. Will these developments open new opportunities for investors and cryptocurrency projects? Indeed, this legal event will shape much of the future of the cryptocurrency industry, bringing fresh winds or severe challenges.
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Source: https://tintucbitcoin.com/khang-cao-tam-dung-mo-rong-quyet-dinh-thang-8/
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