Ripple To Drop Appeal In XRP Case, SEC Expected To Follow
Ripple will drop its cross appeal in its years-long legal battle with the SEC over XRP, with the SEC also planning to drop its own appeal to end the case.
The SEC sued Ripple back in 2020, alleging it raised $1.3B by selling unregistered securities through XRP.
In 2023, a judge ruled that XRP sales to retail investors were not securities, but $728M in institutional sales were, leading to a $125M penalty, far below the $2B originally sought by the SEC.
Ripple and the SEC recently failed in their attempt to lower this fine further.
Ripple CEO Brad Garlinghouse said the decision will “close this chapter once and for all” as the company shifts focus back to building XRP-related infrastructure.
A comparison between two popular meme coins, $SHIB (Shiba Inu) and $PEPE , 🔹 1. Market Cap #SHIB has a bigger market cap: $6.76 billion #PEPE has a smaller one: $3.97 billion ➡️ This means more money is invested in #SHIB , so it’s a bigger project overall. 🔹 2. Price SHIB price: $0.000041147 PEPE price: $0.00009508 ➡️ #PEPE 's price is higher, but that doesn’t always mean it's more valuable. SHIB just has more coins in total, which makes its price look smaller. 🔹 3. 24-Hour Change SHIB is up +1.26% PEPE is up +1.76% ➡️ Both coins went up in value in the last 24 hours. PEPE grew a bit more today. ✅ Simple Summary: #SHIB is bigger in total value (market cap). PEPE's price is higher but it's still smaller in size. Both are growing today, and both are meme coins traded a lot by the community. FOLLOW Me . All Time Alert🚨 Any Pump 🚀 Coin. Thanks For Your Support.$PENGU