Ripple vs. lawsuit update SEC as of July 1
#Ripple v#SEC 's legal battle over XRP sales has seen favorable rulings for Ripple, which could cause huge volatility in XRP and the crypto market if Ripple wins.
It has been more than three and a half years since the SEC sued Ripple for the sale of unregistered securities using XRP.
The judge ruled that Ripple's sales to secondary platforms were not offers of investment contracts.
The SEC was unable to appeal, and Ripple executives were acquitted of the charges. The case, now in trial, could be resolved soon, but could drag on.
The SEC reduced its requested fine to $102.6 million, arguing that it is fair compared to Ripple's profits. The outcome of the lawsuit is expected to cause volatility in XRP, with the potential for a rally if Ripple wins.
