XRP Lawsuit News: Will SEC Appeal Overturn Ripple’s Victory?
🔎 The SEC May Not Be Done With Ripple Yet! With Just 11 Days to Appeal the Decision, XRP’s Future Hangs in the Balance.
The SEC is reportedly considering appealing the court’s ruling on XRP’s programmatic sales as the October 7 deadline approaches. Despite Ripple’s recent court victory, the legal battle could continue, potentially impacting XRP’s market performance.
Marc Fagel, a former SEC attorney, believes the appeal will not target Ripple’s penalty, but rather the legality of XRP sales through intermediaries. With a 75% chance of an appeal, according to legal experts, XRP remains in legal limbo.
📉 XRP Market Impact: XRP is currently trading at $0.5834, down 1.4%, with trading volumes declining amid uncertainty over the lawsuit. As the October deadline approaches, market sentiment may change depending on the SEC's decision.
