đ„đ„THERE ARE DEVELOPMENTS IN THE RIPPLE CASE.đ„đ„
How is the SEC Following the Ripple Case?
The U.S. Securities and Exchange Commission (SEC) has requested an appeal of the decision on whether XRP is a security in the ongoing case with Ripple. Ripple, on the other hand, plans to continue its legal process against the SEC's appeal move. While this process causes fluctuations in the price of XRP, the SEC's regulatory stance is being carefully monitored in the crypto market.
While the SEC submitted new documents to the Second Circuit Court in the Ripple case, Ripple officials argue that the SEC made mistakes in the application process. Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty stated that the SEC violated the application deadlines.
Ripple's new collaborations and the launch of the stablecoin RLUSD could give XRP a positive momentum. However, the SEC's approval of the XRP ETF and its oversight of futures create uncertainty for investors. The outcome of Ripple's projects and legal processes may determine the future success of XRP.
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