XRP News: #XRP climbed above 3 dollars for the first time in over a week as speculation grows around a possible SEC case dismissal.
The token gained 4.5% in 24 hours amid rising investor confidence about regulatory clarity.
$XRP
Lawyer Bill Morgan predicts the SEC may vote to dismiss its appeal before the August 15 deadline for a joint court report.
Both Ripple and the SEC previously signed a conditional settlement agreement, though conditions weren’t met at the time.
The nearly five-year legal battle began in December 2020 when the SEC alleged Ripple raised 1.3 billion dollars through unregistered securities sales.
Judge Analisa Torres ruled in July 2023 that XRP wasn’t a security in retail sales but constituted one for institutional investors.
The court imposed a 125 million dollar fine on Ripple in August 2024, with funds already distributed between the SEC and Ripple.
A joint report due August 15 could lead to appeal dismissal and case conclusion, pending court approval.
If approved, the case will reopen in district court for final authorization.
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