XRP Speculators Await Ripple Vs SEC Outcome For Next Move
- Judge Analisa Torres’ final verdict will determine XRP’s next line of action.
- The final decision and potential settlement present a few scenarios.
- Ripple faces between $10 million and $2 billion penalty.
There is ongoing speculation about a potential settlement and the timing of the final decision on the case between Ripple and the U.S. Securities and Exchange Commission (SEC). Many analysts believe Judge Analisa Torres’ final verdict will go a long way in determining XRP’s line of action. However, the long wait appears to affect how the once-vibrant altcoin’s price is developing.
Judge Torres’ July 2023 judgment set the tone for what could be the outcome of the final decision on the protracted Ripple vs SEC case. The two-way judgment confirmed that XRP is not a security. However, the Judge faulted Ripple for violating the U.S. securities laws by selling unregistered XRP to institutional investors.
Notably, last year’s judgment saw XRP respond with significant volatility, with the altcoin surging over 100% in one day before shedding off the gains over one month. XRP’s decline followed fears that the SEC may appeal the initial judgment and attrac…
The post XRP Speculators Await Ripple Vs SEC Outcome For Next Move appeared first on Coin Edition.
