Ripple has made some positive decisions in its ongoing legal battle with the US Securities and Exchange Commission (SEC) over XRP sales. The outcome of the case is expected to cause significant volatility for XRP and the broader cryptocurrency market. There is potential for a rally if Ripple wins. 🚀

The SEC lawsuit against Ripple has been ongoing for more than three and a half years. The decision that Ripple's programmatic sales to secondary trading platforms did not constitute an offer of investment contracts left the SEC vulnerable in the legal battle.

The case entered trial in April this year and a resolution could come at any time. However, the complexity of the legal process and other important factors may extend the duration of the case.

The potential penalty for Ripple seems to be a controversial issue. The SEC initially sought a $2 billion fine against the firm, but Ripple suggested a maximum penalty of $10 million. Ultimately, the SEC reduced its request to $102.6 million.

It is believed that the outcome of the case will cause huge volatility for Ripple's native token and the entire cryptocurrency market. A decisive win for the company could result in an XRP rally observed after the first partial victory last year. On the other hand, an SEC victory could trigger a potential pullback for the crypto sector. 📉

For those interested in learning more about the case, please watch the video below: