The SEC is filing its opening brief today in its appeal of the Ripple case, a legal saga that began in 2020. Judge Analisa Torres ruled in July 2023 that XRP is not a security when sold to retail investors, but is when sold to institutions, sending shockwaves through the crypto world. After the SEC’s appeal was denied, they dropped the charges against Ripple executives Brad Garlinghouse and Chris Larsen. The SEC is now seeking a $125 million fine, while Ripple is seeking $10 million. Speculation is mounting about a change in SEC leadership and a potential victory for Ripple, which could send XRP prices to new highs, with some analysts predicting a high of $3.38. The crypto community is awaiting the next move in this high-stakes battle. #XRP #Ripple #CryptoNews #SEC #news
