🚨🚨🚨 Strong Rise in XRP: Ripple's SEC Penalty Announced🚨🚨🚨
🔹 Final Decision:
- Case Duration: Nearly four years
- Legal Status: Sale of XRP on exchanges deemed legal
🔹 Penalty Details:
- Corporate Sales:Considered as investment contracts
- Fine: Ripple fined $125 million
- SEC's Initial Demand: $2 billion
- Reduced to: $102 million
- Ripple's Offer: $10 million
🔹 Impact on XRP Price:
- Before Decision: Traded at $0.50
- After Decision: Rose by 8% to $0.54 within minutes
✨ Summary:
- The ruling marks a significant moment in the ongoing legal battle between Ripple and the SEC, with XRP's sales on exchanges being ruled legal. The resolution brought clarity and a noticeable boost to XRP's price.
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