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#FREE #RAWARd SEC vs. Ripple lawsuit has reached a critical stage, with the SEC submitting its final response in the remedies phase ¹. The case has significant implications for the future of XRP and the broader cryptocurrency market ². Here are some key points about the case:
- *SEC's allegations*: The SEC alleges that Ripple raised over $1.3 billion through an unregistered security offering of XRP ².
- *Ripple's argument*: Ripple argues that XRP is not a security and that the SEC's allegations are unfounded ².
- *Court ruling*: In July 2023, the court ruled that XRP is not a security when sold to the public on an exchange, but it is when sold to institutional investors ².
- *Remedies phase*: The case has now entered the remedies phase, where the SEC is seeking up to $2 billion in fines, while Ripple argues that any fines should not exceed $10 million ³.
- *Impact on XRP*: The outcome of the case could significantly impact the price of XRP and the broader cryptocurrency market ⁴.
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