XRP Price Dips as Ripple Loses Bid to Leverage Binance Ruling

Ripple Labs has been locked in a legal fight with the SEC. The SEC has rejected Ripple's arguments. A $2 billion fine from the SEC remains a possibility. For over three years, Ripple Labs, the company behind XRP, the world's seventh-largest cryptocurrency, has been in a David-and-Goliath battle with the US Securities and Exchange Commission (SEC). The issue? Whether XRP is a security subject to strict regulations or a currency free to trade. This technical dispute has significant consequences, potentially affecting the future of XRP and the entire crypto industry. Recent developments have shaken the XRP community. Emboldened by

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