🚨 Ripple vs. SEC: Latest Court Update 🚨
The legal battle between Ripple and the SEC continues to unfold, with significant developments recently announced. The SEC has submitted its remedies-related briefs, arguing for substantial penalties on Ripple for post-complaint XRP sales to institutional investors. The potential fines could reach up to $1.95 billion. Meanwhile, Ripple's legal team is pushing back, emphasizing that XRP is not a security and criticizing the SEC for overreaching its authority (The future of trading) .
As the case progresses, Ripple CEO Brad Garlinghouse and other executives remain confident in their defense, expecting a favorable outcome. The trial is scheduled to commence between April 1st and June 30th, 2024, with both parties preparing for what could be a landmark decision for the crypto industry
Stay tuned for more updates on this pivotal case!
