The legal showdown between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to evolve, with recent developments casting a shadow over Ripple’s future and raising questions about the potential for a substantial financial penalty. As of July 4, 2024, Ripple is grappling with the ramifications of the SEC’s rejection of a crucial legal argument tied to Binance, and this development could have significant implications for the XRP token and its market performance.&middot

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