1. SEC Changes Focus:
The SEC has shifted its attention from XRP retail sales to Ripple's institutional dealings and the personal sales of top executives, Brad Garlinghouse and Chris Larsen.
2. Court Seeks Clarification:
The SEC is responding to a court request for further clarification on previous rulings, adding complexity to the case.
3. Retail Sales Not a Security:
A major win for Ripple, as the SEC hasn’t challenged the ruling that XRP sold to retail investors is not classified as a security, which is great news for retail investors.
4. Institutional Sales Targeted:
Despite the win for retail sales, the SEC continues to focus on Ripple’s institutional sales, claiming they are securities.
5. Ripple’s Legal Milestone:
In July, Ripple celebrated when a judge ruled retail XRP sales were not securities. However, institutional sales remain under scrutiny, with Ripple already fined $125 million.
6. Impact on XRP Price and Crypto Regulation:
The case's outcome could influence XRP’s price and set a precedent for cryptocurrency regulation in the U.S. Investors are keeping a close eye on developments.
7. What’s Next for Ripple?
The crypto world is closely watching how this legal battle will unfold, as Ripple’s future could have major implications for the broader industry.
#Therapydogcoin #MemeCoinTrending #WhichMemeCoin? #SCRSpotTradingOnBinance
