XRP Community Eagerly Awaits Today’s Ripple-SEC Case Update: Key Insights on the Latest Developments in the XRP (Ripple) Lawsuit
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- The crypto community is eagerly awaiting a potentially pivotal development in the ongoing lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC).
- Investors are keenly anticipating the SEC’s response to the settlement, which is due today, and an edited version of it by Wednesday, May 8th.
- This could be the final court filing in the SEC vs. Ripple case, with the SEC’s response expected to arrive within the day.
Investors await a key development in the SEC vs. Ripple lawsuit, which could be a turning point for XRP and the broader crypto community.
SEC’s Response to Ripple’s Settlement
Following the submission of the response, Judge Analisa Torres will review and decide on the penalty for violating U.S. securities laws. In July 2023, Judge Torres ruled that Ripple violated Section 5 of the U.S. Securities Act by not registering XRP as a security in sales to institutional investors.
SEC’s Request for Damages
In the opening document regarding the legal resolution, the SEC requested the courts to order Ripple to pay a staggering compensation of $876,308,712, a precautionary... Read the full article for FREE at COINOTAG!
