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Ripple’s Tenacity Meets SEC’s Challenge In Pivotal Lawsuit
The case, which has been unfolding for nearly three years, centers around allegations that Ripple and its co-founders violated securities laws by selling $1.3 billion worth of its native cryptocurrency, XRP, without proper registration.
Monica Long, President of Ripple, stated to CNBC that they are determined to “fight the case all the way through.” Ripple has consistently argued that XRP should not be classified as a security but rather as a commodity, a stance backed by a pivotal ruling by U.S. District Judge Analisa Torres in July, which indicated that XRP may not necessarily be deemed a security.
The SEC, however, maintains its position that the company violated securities law by making XRP available to retail investors through crypto exchanges. The regulatory agency recently responded to a Ripple memo, asserting the need for appeals court intervention to resolve this crucial question. The company had argued that the SEC’s case did not merit an appeal.
#BountyCreator# #Gateio10周年# #Token2059#
#ContentStar# #HotTopicDiscussion# Highly likely that $BTC still needs a brief retest of the bottom and may drop to 24.6k before it can rise again. Maybe at 12:30 today, #CPI news will likely cause #BTC to drop further.
🔸 At the current point, I find it difficult for it to break down and drop to 22k or 23k.
🔸 After successfully testing this wave, #BTC might push up to the range of 28k and possibly reach a maximum of 30.2k, but it will be challenging to surpass the previous peak of 31.8k.
Around that range, it holds promise for a decent #Altcoin wave.
=__ To sum it up, buy and hold $BTC $ETH monthly or weekly for the next season, don_t worry about the price.
🔸 As for #Altcoin, the best time to buy and hold for the next season is from December this year to March next year. This current wave is just a recovery, nothing more, folks.