Ripple Wins Partial Victory Against SEC, But The Regulator Has Until October 7th To Appeal XRP Price Holds At $0.59, Some Predict A Rise In The Near Future. 🚀

The legal battle between Ripple and the SEC continues. Judge Torres Ruled That XRP Sales On Secondary Markets Are Not Securities Transactions, But Ripple Must Pay $125 Million For Violating Certain Laws.

While the amount seems significant, it is a 94% discount from the SEC’s initial request. Some see this as a big win for Ripple, but others believe the SEC may appeal. The deadline to do so is October 7th.

Recently, journalist Eleanor Terrett reported that a former SEC lawyer said the regulator would “likely” appeal Judge Torres’ ruling. This has sparked heated debate online.

Uncertainty Surrounds Ripple v. The SEC may be holding back the growth of XRP, which is holding at $0.59. However, many analysts are optimistic and expect the token to reach new heights soon. 🌟