$XRP news
$XRP The ongoing lawsuit between Ripple and the SEC is nearing its end, with the SEC holding a closed-door meeting today that could potentially conclude the case. Here's what's happening:
Current Status: Ripple has fulfilled its obligations by paying a $125 million penalty and dropping its cross-appeal. The SEC's next move will determine the case's outcome.
Possible Outcomes:
SEC Drops Appeal: If the SEC withdraws its appeal, the case could be closed soon, potentially paving the way for a final resolution.
No Immediate Resolution: Despite speculation, the SEC might not make a decision today, and the case could linger until the August 15 status report deadline.
Market Impact: XRP’s price has been affected by the ongoing uncertainty. Currently trading at $3.02, XRP has seen a 2.96% decline in the last 24 hours.
Next Steps: Ripple is expected to file final dismissal papers before the August 15 deadline. This filing could provide more clarity on the lawsuit’s future.
Community Sentiment: The $XRP community remains highly engaged, hoping for closure and speculating on what a final resolution could mean for the token’s long-term potential.
$XRP
3.0271
-2.96%
#TrumpTariffs #MarketPullback #WhiteHouseDigitalAssetReport #CryptoLawsuit
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