XRP case is settled! Fine of 125 million, permanent ban, XRP soars 20%
The legal battle between XRP and SEC ended today. Ripple was fined 125 million US dollars and accepted the permanent ban requested by the SEC. As soon as the verdict came out, the price of XRP tokens soared 20% immediately, and the market responded enthusiastically.
The New York court ruled that Ripple was fined 125 million US dollars for selling XRP to institutional investors in violation of securities laws, and must pay it within 30 days. At the same time, Ripple was banned from any future activities that may involve securities sales and must first submit a registration certificate to the SEC. The judge believed that Ripple had a high risk of future violations, so he took the injunction.
Ripple CEO Brad Garlinghouse called this "a victory for XRP, the crypto industry and the rule of law." The fine was far less than the 2 billion US dollars required by the SEC. Ripple will respect the ruling and continue to develop steadily. The SEC spokesperson emphasized that Ripple's institutional sales were serious violations and were subject to securities laws regardless of technology or rhetoric.
The XRP token market was boiling because of the verdict, and investor confidence increased, driving prices soaring. The Ripple case has sounded the alarm for the crypto industry. How to balance innovation and compliance in the future will become a common issue for all companies. Ripple's victory has injected new impetus into the industry.
Finally, I wish every fan who reads this good health and a successful career, harvest a lot of golden ears here, and achieve a double leap in wealth and dreams.
I plan to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to hold by the end of the year. It is no problem to expect more than 10 times the space. If you like spot or contracts, check the top and keep up with my pace.
