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Ceo_crypto25
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EVERYTHING WILL NUKE. $BTC will reach 63-64k soon. Maybe lower. ALTS will pullback 20-30% again. DO NOT BUY THE DIP BECAUSE THE CORRECTION IS NOT OVER. {spot}(BTCUSDT) I said in April alts will go down 20-30%. Here we are. THE TOP IS IN FOR MANY MONTHS. Show Your Support If you found this helpful, consider to tipping me through the Binance Tipping feature. Your generosity will help me to continue to provide high quality contents. šŸ™šŸæ {spot}(ETHUSDT) {spot}(IOUSDT)

EVERYTHING WILL NUKE.

$BTC will reach 63-64k soon.

Maybe lower.

ALTS will pullback 20-30% again.

DO NOT BUY THE DIP BECAUSE THE CORRECTION IS NOT OVER.

I said in April alts will go down 20-30%.

Here we are.

THE TOP IS IN FOR MANY MONTHS.

Show Your Support

If you found this helpful, consider to tipping me through the Binance Tipping feature. Your generosity will help me to continue to provide high quality contents. šŸ™šŸæ

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šŸš€SEC shoots down Rippleā€™s argument for a lower penalty The United States Securities and Exchange Commission (SEC) has criticized Ripple Labsā€™ latest argument for a lower penalty, saying it wouldnā€™t be enough. On June 13, Ripple cited the SECā€™s settlement with Terraform Labs when it again asked Judge Analisa Torres of the United States District Court for the Southern District of New York for a penalty of ā€œno more than $10 millionā€ ā€” far lower than the regulatorā€™s proposed $876.3M civil penalty. A day later, the SEC argued in a June 14 letter to Torres that its $4.5B settlement with Terraform Labs and its co-founder Do Kwon ā€” inclusive of a $420M civil penalty ā€” was made as the firm is bankrupt, agreed to return money to investors and fired leaders ā€œin charge at the time of the violations.ā€ ā€œRipple is agreeing to none of this relief ā€” in fact, Ripple is agreeing to nothing.ā€ Rippleā€™s argument that Terraformā€™s $420M civil penalty was around 1.27% of its ā€œ$33B gross salesā€ wasnā€™t an ā€œapples-to-apples comparison,ā€ the SEC said. The SEC added it measured Terraformā€™s penalty against ā€œthe gross profit of the violative conduct,ā€ which it pinned at over $3.5B ā€” a nearly 12% ratio. The regulator argued Rippleā€™s civil penalty would be $102.6M if the same ratio were applied to the $876.3M of Rippleā€™s gross profits it asked to disgorge. ā€œThat low of a penalty would not satisfy the purposes of the civil penalty statutes,ā€ the SEC said. The SECā€™s proposed penalties for Ripple total nearly $2B, which includes $198.2M in prejudgment interest, $876.3M in civil penalty and another $876.3M in disgorgement. The pair have been in their court fight since 2020 when the SEC claimed Ripple sold unregistered securities, which Torres agreed it did in a July 2023 ruling ā€” but only when sold to institutional investors. In May, the SEC objected to Rippleā€™s bid to seal some of its finances, with the regulator arguing the firm should disclose the revenue it made from XRP sales that Torres ruled were unregistered.
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