Here are the latest news and updates about XRP and SEC ¹ ² ³ ⁴ ⁵ ⁶:
- *Ripple Fined $125M*: A federal judge imposed a $125 million fine on Ripple after finding that its institutional sales of XRP violated federal securities laws.
- *XRP Price Surges*: XRP rose 3 cents, or around 2%, after the judgment was published, and it has recently broken above a multi-year resistance trend line, closing July with a significant 31.09% gain at $0.6232.
- *SEC Avoiding Closed-Door Meetings*: The SEC’s avoidance of closed-door meetings could be due to recent court rulings favoring cryptocurrencies, which might be forcing the agency to reconsider its stance.
- *Ripple vs. SEC Lawsuit*: The lawsuit between Ripple and SEC is ongoing, with Judge Analisa Torres currently deliberating on penalties and injunctions in the remedies phase of the lawsuit.
- *XRP Community*: The XRP community is waiting for the final ruling, which holds significant implications for the entire crypto space, with some predicting a settlement or resolution soon.