The U.S. Securities and Exchange Commission (SEC) is preparing to submit its initial appeal brief in the Ripple case. This crucial document, due by January 15, will focus on secondary XRP sales, penalties, and other key issues in the case.
SEC Led by Gary Gensler Prepares for the Appeal
SEC Chair Gary Gensler is set to submit critical documents related to the Ripple case before stepping down on January 20. Legal experts, including Jeremy Hogan and former SEC attorney Marc Fagel, speculate that Ripple and the SEC could reach a settlement. Ripple might pay a $125 million penalty, potentially closing the case by April or May.
Dispute Over Programmatic XRP Sales
The SEC plans to challenge Judge Analisa Torres' July 13 decision regarding programmatic XRP sales. The agency argues that these sales constitute unregistered securities transactions in violation of the Securities Act of 1933. According to Marc Fagel, Ripple allegedly raised over $700 million unlawfully through these sales.
Secondary XRP Sales as a Key Dispute Point
The SEC will focus on secondary XRP sales, including Ripple's transactions on cryptocurrency exchanges, distributions to employees, and personal sales by Ripple executives like Brad Garlinghouse and Chris Larsen. Judge Torres' decision, however, did not clearly define whether XRP is a security or a commodity, which has significant implications for the crypto industry.
It's worth noting that XRP was previously classified as "currency" by the U.S. Department of Justice and the Treasury Department's FinCEN, adding complexity to the SEC's appeal.
Higher Penalty Than $125 Million?
The SEC is likely to push for a penalty higher than $125 million and seek a reassessment of disgorgement (return of illicitly gained funds). The agency argues that smaller penalties may fail to serve as an effective deterrent.
Meanwhile, Ripple has criticized the SEC for pursuing "failed arguments" and wasting taxpayer money. Ripple's Chief Legal Officer Stuart Alderoty has pointed out the SEC's inability to provide clear rules on which digital assets are considered securities.
What’s Next?
Ripple recently garnered positive attention following a dinner between its executives and President-elect Donald Trump, raising hopes for a more favorable regulatory environment for cryptocurrencies in the U.S. Ripple CEO Brad Garlinghouse noted that 75% of Ripple’s jobs are now based in the U.S., and the company has signed several new contracts domestically in recent weeks.

If Ripple secures a victory in the Second Circuit Court, it could set a significant precedent for future cryptocurrency lawsuits. Alternatively, the case could end with a settlement or dismissal under the leadership of incoming SEC Chair Paul Atkins, who may adopt a different regulatory approach to cryptocurrencies.

#SEC , #Ripple , #CryptoNewss , #RippleVsSEC , #xrp

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#RippleVsSEC
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has gained widespread attention, carrying profound implications for the entire cryptocurrency industry. The lawsuit, which began in December 2020, accuses Ripple, along with its CEO Brad Garlinghouse and co-founder Chris Larsen, of raising over $1.3 billion through an unregistered securities offering by selling $XRP
Ripple Vs SEC Latest Update:
Judge Phyllis J. Hamilton has allowed Ripple CEO Brad Garlinghouse to keep some court documents sealed. This includes documents about judgments and expert testimony. Both Ripple and the SEC can keep these details private as the case moves to the next stage, following a rule to protect sensitive information.

The long-standing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may move closer to resolution by spring 2025. Legal expert Jeremy Hogan predicts the case could be settled between April and May this year.
The case concerns whether Ripple’s XRP token qualifies as an unregistered security under U.S. law. The conflict has resulted in considerable legal actions, and both have seen a semblance of victory and losses.
The court decided that Ripple sold more than $700 million of XRP through institutional sales, violating the securities laws. Hence, Ripple was hit with a $125 million penalty, yet this penalty is temporarily suspended due to appeals from both parties.
Leadership Changes Could Influence SEC Strategy
The upcoming transition in SEC leadership is expected to play a pivotal role in the case’s direction. Paul Atkins, a former SEC commissioner with a history of advocating for balanced regulation, is set to replace Gensler on January 20, 2025.
Experts believe Atkins’ leadership could foster a more collaborative dispute resolution. Ripple CEO Brad Garlinghouse has expressed optimism about working with the new administration, hoping for clearer regulatory guidance and potential closure of the lawsuit.
Of particular interest, the appeals involve document submissions, setting up tactics, and negotiations, all of which Hogan opines make it reasonable to expect the goal to be reviewed and sorted in April or May at the latest.
"I'd say it's possible but maybe unlikely. 40 days is not a lot of time to get reports together, memos, have the requisite SEC meetings, etc.. I'm going with April/May as a likely timeframe," Hogan says.
This post first appeared on 36crypto.com News.
#Ripple💰 #RipplevsSEC #Xrp🔥🔥 #BinanceMegadropSolv

XRP price increased exponentially in 2024, a major milestone for this cryptocurrency amid the SEC vs. Ripple battles and years-long consolidation. Interestingly, the crypto market rally with Trump’s win has affected this struggling token positively, as it is currently trading at $2.41 after achieving a seven-year high of $2.84 at the beginning of the month.
Why XRP Price Could Jump With XRP ETF Launch?
Until now, the two crypto assets spot ETFs are functioning and gaining momentum among investors. The Bitcoin ETF, which got the SEC’s approval in January, has played the biggest role in pushing the Bitcoin price to ATH of $106.4k. However, it took some time for the market to react to this news, as Bitcoin price dropped with BTC ETF inflows as investments flocked to exchange-traded funds. Regardless, the correlation builds between the two with time, pushing each other to new highs. Even now, the Bitcoin price is on a bullish trajectory, as it hit the ATH of $106,488.25 just a few hours ago. At the same time, Bitcoin ETF gained a weekly net inflow of $2.17 billion, confirming this theory. With that, the experts believe that the Bitcoin ETF AUM can Surpass Gold ETF by year-end.
The same happened with Ethereum ETF as before the trading began for this ETF, the Ethereum price remained relatively stagnant with slight volatility, but after the approval in July 2024, the price began to move steadily with the increased inflows in the Ethereum exchange-traded funds. Although many factors contributed to these token’s growth, the inflows and price charts had similar trends.

Even at present, Ethereum is following a bullish trajectory, currently trading at $3,963.13. At the same time, the Ethereum net inflow came out to $855M over the week, setting a record high for weekly net inflows. The XRP ETF could present similar outcomes, favoring the XRP price similarly.
XRP Price To Hit $10 With XRP ETF Inflows
XRP struggled for three years under the SEC’s influence, but now things have changed, as the token has grown significantly with Trump’s win and Gary Gensler’s resignation. This news boosted the token significantly, and the same will happen with the XRP ETF due to its institutional demand. The XRP holders have been awaiting this moment since the Ethereum ETF approval. Till now, many major firms like WisdomTree, Bitwise, and 21Shares have filed their application for XRP exchange-traded fund, waiting for the SEC’s approval.

Despite the unfavorable relation between the two, the community is anticipating a positive response due to XRP’s top positioning in the market, as this is the fourth biggest crypto. Moreover, considering the monthly inflows for Bitcoin and Ethereum ETFs, the XRP ETF inflows could push the XRP price to $10.

In the first month of the Bitcoin ETF launch, it received inflows of $30.18B. Over the three months, it received $217.38B, showcasing exponential growth in adoptions. Similarly, in the first month of the Ethereum ETF launch, the total inflows it received were around $9.28B. In three months, these were $3.81B, comparatively lower. This indicates that the early institutional demand led to a heavy flow in the first month, but it stabilized over time.
Based on that, the XRP ETF could witness $1.8B – $2.3B in inflows in the first month and $2.0B – $2.6B over the three months, considering this token’s high price sensitivity and a much smaller market cap in comparison to Bitcoin and Ethereum. As a result, the XRP price might take a slightly bullish turn, pushing it above $3. However, the $10 can only be possible if other factors, like Gensler’s resignation, RLUSD’s successful launch, and the SEC vs. Ripple case ending, align with the ETF launch.
🚨 ** BREAKING NEWS ** 🚨#XRP is destined to be the #1 crypto and the world reserve currency:
– Gensler resignation ✅️
– XRPL meme coins ✅️
– RLUSD approved ✅️
– RLUSD launch
– XRP ETF launch (Blackrock, etc)
– Ripple-SEC case settled
– Trump in office
– New SEC Chair in… pic.twitter.com/hd6j8fhjYW

— Kingdom Coins (@PropheticCoins) December 14, 2024

Source: x formally twitter.

Disclamation. Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source x tweet.

#Xrp🔥🔥 #ripple #RippleVsSEC #XRPLasVegas2024

🔥🔥 Ripple CEO Brad Garlinghouse Speaks Out on SEC Battle, Crypto Future, and More on 60 Minutes 🚀
Ripple CEO Brad Garlinghouse made headlines during his December 8, 2024, interview on 60 Minutes, where he shed light on Ripple's intense $150 million legal battle with the U.S. Securities and Exchange Commission (SEC).
Garlinghouse criticized the SEC’s approach under Chairman Gary Gensler, calling it a driving force behind the creation of FairShake, an industry super PAC formed by Ripple and two other major crypto companies. He described FairShake as a response to what he termed a "war on crypto," emphasizing that the initiative might never have existed if the SEC had adopted a more constructive stance toward the industry.
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Green Metaverse Token (GMT): Tokenomics and the Impact of Burning 600 Million Tokens
Green Metaverse Token (GMT), the governance token of the STEPN ecosystem, employs a carefully designed tokenomics model that prioritizes deflationary mechanisms to strengthen its value and utility. Let’s dive deeper into the implications of burning 600 million GMT tokens.
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GMT Tokenomics Overview
GMT’s total supply of 6 billion tokens is strategically allocated across key categories:
Ecosystem Growth: Funds to expand and enhance the platform.
Team Incentives: Rewards to drive innovation and development.
Public Sales: Enabling wider community participation.
Staking Rewards: Encouraging long-term token holding.
This allocation ensures GMT’s sustainability, balancing rewards for early adopters while fostering long-term ecosystem development.
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The Impact of Burning 600 Million GMT
Token burning, a widely used deflationary tactic, permanently removes tokens from circulation, reducing supply and creating scarcity. Here’s how burning 600 million GMT tokens (10% of the supply) could shape the ecosystem:
1. Scarcity-Driven Value Growth:
A reduced supply often boosts demand, especially as the platform expands and attracts more users. This burn could lead to upward pressure on GMT’s market value, rewarding holders and investors.
2. Boosting Stakeholder Confidence:
Burning such a significant portion of the token supply showcases STEPN’s commitment to delivering long-term value, fostering trust among investors and users.
3. Strengthened Utility:
With fewer tokens in circulation, the intrinsic utility of GMT—whether in governance, staking, or ecosystem participation—becomes more valuable, encouraging broader adoption.
This strategic move underscores STEPN’s vision of creating a sustainable, user-driven ecosystem and aligns with its long-term goals of community empowerment and token scarcity.
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A Transformative Period for Ripple and GMT
Both Ripple and STEPN are spearheading critical transformations in their respective spaces. Ripple’s ongoing fight with the SEC highlights the broader challenges the crypto industry faces, while STEPN’s GMT burn initiative exemplifies innovation in tokenomics.
Whether it’s Ripple reshaping crypto regulation or STEPN advancing deflationary mechanisms, the crypto space is witnessing game-changing moves that could define its future.
#CryptoRevolution" #BURNGMT #RippleVsSEC $XRP $GMT MT $PEPE