🔔Flash News🔔

Ripple managed to score some of the most important legal wins in its legal battle with the SEC throughout 2023. Potential fines are still being contested, with the SEC proposing $102.6 million and the company arguing a maximum of $10 million.

The legal spat between Ripple and the US SEC continues to be the most interesting topic in the crypto space. Many shots were fired from both sides, with the advantage alternating. According to several industry participants, Ripple currently has the upper hand after achieving three important court wins.

In July last year, Judge Torres ruled that the company's programmatic sale to a secondary trading platform did not constitute an offer of an investment contract. This decision was followed by a bull run for XRP, whose price surged more than 70% in 24 hours.

The case entered the trial stage in April this year, but instead of a final agreement, it offered additional confrontation. Ripple recently pointed to Judge Amy Jackson's decision to reject the SEC's claim that Binance's secondary market sale of BNB tokens constituted a securities transaction.

Ripple's potential fine has become another spine in the lawsuit. The SEC initially sought a fine of $2 billion, while the company insisted on an amount of no more than $10 million.

Although the case is in its final stages, the outcome may be delayed indefinitely due to the complexity of the legal process and possible appeals from both parties. However, some optimists believe that a deal is possible in the next few weeks.

What do you think? Come on, discuss it in the comments column! 😄#Ripple#SEC #CryptoNews