$XRP Rally is starting! #SEC x #Ripple Final Decision in the Case!
• Summary of Ripple Case
The SEC attempted to consider the cryptocurrency XRP as a security, demanding that Ripple pay a $2 billion penalty. However, in July 2023, Judge Analisa Torres ruled that XRP sales to individual customers through exchanges were not securities. This decision was different for corporate sales; It was evaluated within the scope of investment contracts and securities. This summary judgment for Ripple is largely seen as a positive and has reduced the risk of XRP being labeled a security.
• Why is the case important?
This case sets a critical precedent on whether altcoins in the cryptocurrency industry should be considered securities. Ripple's defense is trying to prove that XRP is not a security.
• Course of the Case
The SEC filed its opening brief by March 22. Ripple's side will make their objections on Monday, April 22. The prolongation of the case caused the price of XRP Coin to fluctuate and created uncertainty for many investors. The increased circulating supply of XRP also made it difficult for the price to reach #ATH (All-Time High).
When will the case end?
Considering the appeal process, experts point to 2026 for the completion of the litigation process. If Ripple's decision that individual sales are not securities is not overturned during the appeal process, the case will be largely concluded in Ripple's favor. However, the possibility of corporate sales being considered as securities remains.
- In conclusion;
• The Ripple case will have a significant impact on the crypto industry. A result in Ripple's favor could create a positive atmosphere in the cryptocurrency world. However, the fact that the litigation process does not have a definitive timeline increases uncertainty.
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