đRipple and Stellar: Countdownđ
âïž On October 7, the Security Exchange Commission will make public its intention to appeal (or not) the ruling issued by Judge Analisa Torres, who fined the Ripple company, issuer of the cryptocurrency #XRP , for 125 million dollars. In addition, it prohibited it from "continuing to violate the securities laws of the United States."
đïž This ruling was announced on August 7, 2024, after 4 years of litigation. In short, the court determined that institutional sales of #XRP did constitute securities, while programmatic sales and other distributions did not. Therefore, #XRP can be considered a security in certain circumstances (such as institutional sales), but not in others.
𧩠And while they play for time, both Ripple and the Stellar Development Foundation continue with their financial and technological developments, with their business alliances and with their agreements with other governments of the Planet.
đșđž Dear reader, the problem will be for the United States if it does not join the rest of the global alliances to have a cross-border payment system supported by Ripple for Central Banks, and for the movement and liquidity of the same with Stellar. Do you really think that will be the case?
