đ¨ Ripple vs SEC: The Showdown Continues! đ¨
The legal saga between Ripple and the SEC has just turned a new page! The U.S. Appeals Court has set January 15, 2025 as the deadline for the SEC's opening brief. XRP enthusiasts, hold tight â no major updates until then, but what happens next could change the crypto game forever!
Rippleâs CEO Brad Garlinghouse and Executive Chairman Chris Larsen are fighting back, challenging the SEC's application of the Howey test to crypto. Ripple's stance? They believe an "investment contract" shouldnât apply to XRP in the same way it does for traditional securities.
With Ripple defending on "fair notice" grounds, this battle could redefine how crypto assets are viewed under securities law, influencing regulations worldwide.
Market Watch: XRP dropped 1% recently, trading around $0.51. Yet, the 40% spike in trading volume suggests that traders are more interested than ever! Could we see XRP hit new highs, or is the storm only beginning?
Analyst Prediction: Some experts foresee
$XRP at a remarkable $25 in the long term. Whether bullish or cautious, remember â always DYOR (Do Your Own Research)!
Stay tuned for January 15, 2025, for the next big chapter. Binance brings you the latest updates on XRP and beyond â keep your eyes on the prize and the markets!
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