SECvsRipple
41,377 views
18 Posts
Hot
Latest
Options Traders Are Waiting for This Date for $1 in XRP!
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
The XRP options market on Deribit is witnessing increasing activity. Accordingly, the $1.10 XRP call option on Deribit has seen a huge increase.
Last week, Ripple achieved a major victory against the SEC, sending the XRP price soaring. This increase was not limited to price alone, but also saw a huge increase in both trading volume and call options.
According to Coindesk, the XRP options market on Deribit is witnessing increased activity. Accordingly, the $1.10 XRP call option on Deribit saw a major increase.
The $1.10 call option for XRP, expiring on August 28, currently has open interest of 4,347,000 contracts with a total value of $2.44 million, according to Amberdata data.
These figures make the $1.10 option the most popular XRP option on Deribit, while Blofin Head of Research and Options Griffin Ardern evaluated the increase in XRP options.
According to Griffin Ardern, the surge in call options at $1.10 suggests that investors are bullish on XRP.
Ardern stated that this increase could also be due to the increased expectation for XRP ETFs after the SEC victory, and said:
“Looking at the gamma distribution, $1.10 looks like a net long position expiring on August 30.
If the $0.75 resistance level from the past two weeks can be broken, the price of XRP is likely to rally above $1.10.
Perhaps institutions will apply for an XRP ETF in the US, which could be a major factor in the sharp increase in prices.”
Probability of a Short-Term Rise in XRP is Low!
Pulsar Trading Capital options trader Martin Cheung is not as bullish as Griffin Ardern.
At this point, Martin Cheung said that he is skeptical whether the XRP price can rise above $1.10 by August 28.
#XRP #Ripple #SECvsRipple #CryptoMarketMoves #WBTCUnderScrutiny $SOL $XRP $BTC
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
The XRP options market on Deribit is witnessing increasing activity. Accordingly, the $1.10 XRP call option on Deribit has seen a huge increase.
Last week, Ripple achieved a major victory against the SEC, sending the XRP price soaring. This increase was not limited to price alone, but also saw a huge increase in both trading volume and call options.
According to Coindesk, the XRP options market on Deribit is witnessing increased activity. Accordingly, the $1.10 XRP call option on Deribit saw a major increase.
The $1.10 call option for XRP, expiring on August 28, currently has open interest of 4,347,000 contracts with a total value of $2.44 million, according to Amberdata data.
These figures make the $1.10 option the most popular XRP option on Deribit, while Blofin Head of Research and Options Griffin Ardern evaluated the increase in XRP options.
According to Griffin Ardern, the surge in call options at $1.10 suggests that investors are bullish on XRP.
Ardern stated that this increase could also be due to the increased expectation for XRP ETFs after the SEC victory, and said:
“Looking at the gamma distribution, $1.10 looks like a net long position expiring on August 30.
If the $0.75 resistance level from the past two weeks can be broken, the price of XRP is likely to rally above $1.10.
Perhaps institutions will apply for an XRP ETF in the US, which could be a major factor in the sharp increase in prices.”
Probability of a Short-Term Rise in XRP is Low!
Pulsar Trading Capital options trader Martin Cheung is not as bullish as Griffin Ardern.
At this point, Martin Cheung said that he is skeptical whether the XRP price can rise above $1.10 by August 28.
#XRP #Ripple #SECvsRipple #CryptoMarketMoves #WBTCUnderScrutiny $SOL $XRP $BTC
What will be the resolution of the SEC versus Ripple legal battle this month?
The cryptocurrency community is eagerly anticipating the resolution of the SEC versus Ripple legal battle this month.
$XRP , confirmed as not being classified as a security, awaits the final judgment in this ongoing legal saga.
Attorney Fred Rispoli has indicated that a conclusion to the case could come either on July 13 or July 31.
The dispute initially saw the SEC seeking a substantial $2 billion penalty and an injunction against XRP sales to institutional investors, while Ripple proposed a significantly lower $10 million penalty.
Speculation among XRP holders suggests optimism for a substantial price increase, potentially driving XRP to new highs. Analysts are eyeing a potential surge of up to 3853%, with projections aiming at a price target of $17.
Ripple's recent rejection of the SEC's offer to reduce the proposed penalty to $102.6 million adds complexity to the situation, highlighting the significant financial stakes involved. The company has already expended over $200 million on legal fees amidst ongoing market pressures where XRP's price continues to lag behind other major cryptocurrencies like Bitcoin and Ethereum.
Investor attention now turns to Judge Analisa Torres's impending decision, with potential implications that could set precedents for future regulatory actions against cryptocurrency firms. A favorable ruling could provide a positive catalyst for XRP's price, whereas an unfavorable outcome may prolong its subdued market performance.
Despite current uncertainties, XRP's price appears to be stabilizing around $0.45, with potential bullish signals suggesting a potential rise above $0.5 pending market sentiment and the legal outcome. However, the ultimate trajectory of XRP's price will ultimately depend on the judicial ruling.
Optimistic scenarios envision XRP revisiting previous highs near $3.40 and potentially surging even higher, possibly reaching double digits. Conversely, a negative legal outcome could keep XRP's price restrained in the near term.
The crypto community remains vigilant as developments unfold in this critical legal battle, poised to react to significant implications for XRP and the broader cryptocurrency market.
#XRP #SECvsRipple #CryptoLegalNews #Cryptocurrency #cryptomarketupdates
$XRP , confirmed as not being classified as a security, awaits the final judgment in this ongoing legal saga.
Attorney Fred Rispoli has indicated that a conclusion to the case could come either on July 13 or July 31.
The dispute initially saw the SEC seeking a substantial $2 billion penalty and an injunction against XRP sales to institutional investors, while Ripple proposed a significantly lower $10 million penalty.
Speculation among XRP holders suggests optimism for a substantial price increase, potentially driving XRP to new highs. Analysts are eyeing a potential surge of up to 3853%, with projections aiming at a price target of $17.
Ripple's recent rejection of the SEC's offer to reduce the proposed penalty to $102.6 million adds complexity to the situation, highlighting the significant financial stakes involved. The company has already expended over $200 million on legal fees amidst ongoing market pressures where XRP's price continues to lag behind other major cryptocurrencies like Bitcoin and Ethereum.
Investor attention now turns to Judge Analisa Torres's impending decision, with potential implications that could set precedents for future regulatory actions against cryptocurrency firms. A favorable ruling could provide a positive catalyst for XRP's price, whereas an unfavorable outcome may prolong its subdued market performance.
Despite current uncertainties, XRP's price appears to be stabilizing around $0.45, with potential bullish signals suggesting a potential rise above $0.5 pending market sentiment and the legal outcome. However, the ultimate trajectory of XRP's price will ultimately depend on the judicial ruling.
Optimistic scenarios envision XRP revisiting previous highs near $3.40 and potentially surging even higher, possibly reaching double digits. Conversely, a negative legal outcome could keep XRP's price restrained in the near term.
The crypto community remains vigilant as developments unfold in this critical legal battle, poised to react to significant implications for XRP and the broader cryptocurrency market.
#XRP #SECvsRipple #CryptoLegalNews #Cryptocurrency #cryptomarketupdates
XRP Whales Drive 235% Volume Surge as Accumulation Hits 662 Million Tokens, Price Rebounds
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
XRP buy volume surges 235% as wallets holding 1M-10M XRP tokens accumulate 662.4M coins, marking a 10.4% rise in August.XRP rebounds to pre-crash levels, trading at $0.5703, despite a 4.31% drop in 24 hours, fueled by whale accumulation.
Social dominance of XRP hits a 7-month high, reflecting increased community interest and engagement following a favorable legal ruling.XRP has witnessed a notable increase in buy volume, surging over 235% within the last 24 hours. This surge coincides with increased activity among large holders, particularly wallets containing between 1 million and 10 million XRP tokens.
These wallets have collectively accumulated 662.4 million additional tokens in August, marking a substantial 10.4% rise. This accumulation indicates a big buying trend among large holders, often referred to as whales and sharks.
Price Recovery and Whale Activity
The recent activity among large holders aligns with a strong recovery in XRP’s price. The cryptocurrency’s value has rebounded to pre-crash levels last seen in July. At press time, XRP was trading at $0.5703, down by 4.31% in the last 24 hours but up 8.86% over the last week.
The price fluctuation reflects a low of $0.494291 and a high of $0.63883, with a closing price of $0.63127. The market cap of XRP stands at $32 billion, representing a 4.31% decrease, while the 24-hour trading volume has dropped by 8.95% to $1.05 billion.
#XRP #Ripple #SEC #SECvsRipple #XRPVictory $XRP $BTC $SOL
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
XRP buy volume surges 235% as wallets holding 1M-10M XRP tokens accumulate 662.4M coins, marking a 10.4% rise in August.XRP rebounds to pre-crash levels, trading at $0.5703, despite a 4.31% drop in 24 hours, fueled by whale accumulation.
Social dominance of XRP hits a 7-month high, reflecting increased community interest and engagement following a favorable legal ruling.XRP has witnessed a notable increase in buy volume, surging over 235% within the last 24 hours. This surge coincides with increased activity among large holders, particularly wallets containing between 1 million and 10 million XRP tokens.
These wallets have collectively accumulated 662.4 million additional tokens in August, marking a substantial 10.4% rise. This accumulation indicates a big buying trend among large holders, often referred to as whales and sharks.
Price Recovery and Whale Activity
The recent activity among large holders aligns with a strong recovery in XRP’s price. The cryptocurrency’s value has rebounded to pre-crash levels last seen in July. At press time, XRP was trading at $0.5703, down by 4.31% in the last 24 hours but up 8.86% over the last week.
The price fluctuation reflects a low of $0.494291 and a high of $0.63883, with a closing price of $0.63127. The market cap of XRP stands at $32 billion, representing a 4.31% decrease, while the 24-hour trading volume has dropped by 8.95% to $1.05 billion.
#XRP #Ripple #SEC #SECvsRipple #XRPVictory $XRP $BTC $SOL
💼💥 SEC Seeks $1.95B Fine in Epic Ripple Showdown! 💰🔒
The U.S. Securities and Exchange Commission (SEC) has thrown down the gauntlet, aiming to slap Ripple Labs with a staggering $1.95 billion fine. 😱💸 In a dramatic courtroom saga unfolding in New York, the SEC presses for justice, urging the judge to wield the hammer of the law with full force. 🔨📜
Stuart Alderoty, Ripple Labs' chief legal officer, took to social media to unveil the SEC's hefty demand, with redacted court documents set to hit the public eye by March 26. 📅📝 The proposal reads like a financial thunderstorm: $876 million in disgorgement, $198 million in prejudgment interest, and a jaw-dropping $876 million civil penalty, totaling a mind-boggling $1.95 billion. 💼💰
The legal tussle traces its roots back to December 2020, when the SEC launched a legal onslaught against Ripple Labs and its top brass, accusing them of flouting federal securities laws by peddling XRP to both institutional and retail investors. 🚫💼 Last July, Judge Analisa Torres of New York delivered a mixed verdict, ruling that while XRP sales on exchanges and through algorithms skirted U.S. law, Ripple's institutional sales didn't fare as well. 📜🔍
"The SEC implores the Court to ponder how effortlessly actors, especially in the crypto realm, can mimic Ripple's actions today, sending a resounding message that such misconduct won't fly," the filing boldly declared. 🌐💥
Alderoty didn't hold back in his critique of the SEC, promising a robust response from Ripple Labs next month. The SEC's deadline looms large: "Defendant's response shall be filed no later than April 22, 2024," the filing sternly reminded. 📅💼
As the legal titans lock horns in the courtroom, the fate of Ripple Labs hangs in the balance. Will the SEC emerge victorious, dealing a crippling blow to Ripple's coffers, or will Ripple defy the odds and navigate its way through this tempest? Only time will tell in this riveting chapter of the crypto saga! ⚖️🌪️ #RippleRumble #SECvsRipple
The U.S. Securities and Exchange Commission (SEC) has thrown down the gauntlet, aiming to slap Ripple Labs with a staggering $1.95 billion fine. 😱💸 In a dramatic courtroom saga unfolding in New York, the SEC presses for justice, urging the judge to wield the hammer of the law with full force. 🔨📜
Stuart Alderoty, Ripple Labs' chief legal officer, took to social media to unveil the SEC's hefty demand, with redacted court documents set to hit the public eye by March 26. 📅📝 The proposal reads like a financial thunderstorm: $876 million in disgorgement, $198 million in prejudgment interest, and a jaw-dropping $876 million civil penalty, totaling a mind-boggling $1.95 billion. 💼💰
The legal tussle traces its roots back to December 2020, when the SEC launched a legal onslaught against Ripple Labs and its top brass, accusing them of flouting federal securities laws by peddling XRP to both institutional and retail investors. 🚫💼 Last July, Judge Analisa Torres of New York delivered a mixed verdict, ruling that while XRP sales on exchanges and through algorithms skirted U.S. law, Ripple's institutional sales didn't fare as well. 📜🔍
"The SEC implores the Court to ponder how effortlessly actors, especially in the crypto realm, can mimic Ripple's actions today, sending a resounding message that such misconduct won't fly," the filing boldly declared. 🌐💥
Alderoty didn't hold back in his critique of the SEC, promising a robust response from Ripple Labs next month. The SEC's deadline looms large: "Defendant's response shall be filed no later than April 22, 2024," the filing sternly reminded. 📅💼
As the legal titans lock horns in the courtroom, the fate of Ripple Labs hangs in the balance. Will the SEC emerge victorious, dealing a crippling blow to Ripple's coffers, or will Ripple defy the odds and navigate its way through this tempest? Only time will tell in this riveting chapter of the crypto saga! ⚖️🌪️ #RippleRumble #SECvsRipple
XRP Drops as Bearish Market Pressure Grows and Faces Strong Resistance
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
XRP's price fell 4.32% in one day due to strong market resistance. The RSI at 52.71 hints at more possible price drops for XRP.
The MACD shows a bearish sign that could lead to further price declines for XRP.XRP has recently experienced a major drop in price, which had a fall of 4.32% in the last 24 hours, causing it to price at $0.5703.
The token's market capitalization currently stands at $32 billion, facing a decrease of 4.31 percent, while the 24-hour trading volume has also decreased by 8.37%, reaching a price tag of $1.05 billion.
The market today has seen a strong bullish trajectory, which has shown an indication of slowed investor activity.
XRP opened the day while trading at $0.5971, but it quickly faced serious pressure, which led to a consistent, steady decline. XRP''s market is currently negative, as evidenced by the chart's bearish trend.
The chart sentiment itself could be used as a technical indicator that aligns with the observed bearish sentiment. The decline in the market cap along with the trading volume suggest that the XRP market is facing a strong resistance to maintaining higher price levels.
The lack of strong support levels below $0.57 could lead to further declines if the selling pressure continues.
Market Sentiment and Outlook
The XRP token is currently experiencing downward pressure as it struggles to maintain its position above the $0.57 mark. The coin is trading at $0.57085 and has a decline of 2.43% in the past 24 hours.
The daily charts reveal that XRP has been unable to break through the resistance levels, resulting in continued bearish sentiment.
#XRP #Ripple #SEC #SECvsRipple #XRPVictory $XRP $BTC $SOL
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
XRP's price fell 4.32% in one day due to strong market resistance. The RSI at 52.71 hints at more possible price drops for XRP.
The MACD shows a bearish sign that could lead to further price declines for XRP.XRP has recently experienced a major drop in price, which had a fall of 4.32% in the last 24 hours, causing it to price at $0.5703.
The token's market capitalization currently stands at $32 billion, facing a decrease of 4.31 percent, while the 24-hour trading volume has also decreased by 8.37%, reaching a price tag of $1.05 billion.
The market today has seen a strong bullish trajectory, which has shown an indication of slowed investor activity.
XRP opened the day while trading at $0.5971, but it quickly faced serious pressure, which led to a consistent, steady decline. XRP''s market is currently negative, as evidenced by the chart's bearish trend.
The chart sentiment itself could be used as a technical indicator that aligns with the observed bearish sentiment. The decline in the market cap along with the trading volume suggest that the XRP market is facing a strong resistance to maintaining higher price levels.
The lack of strong support levels below $0.57 could lead to further declines if the selling pressure continues.
Market Sentiment and Outlook
The XRP token is currently experiencing downward pressure as it struggles to maintain its position above the $0.57 mark. The coin is trading at $0.57085 and has a decline of 2.43% in the past 24 hours.
The daily charts reveal that XRP has been unable to break through the resistance levels, resulting in continued bearish sentiment.
#XRP #Ripple #SEC #SECvsRipple #XRPVictory $XRP $BTC $SOL
Let's Have Fun Guys 😜
Give Me Your Thoughts on $XRP , If You will hold forever, already sold or selling soon.
#BTC #XRP #SECvsRipple
Give Me Your Thoughts on $XRP , If You will hold forever, already sold or selling soon.
#BTC #XRP #SECvsRipple
Holding XRP Forever💸
55%
Sold That Shit Coin Long Ago💥
21%
Selling After It Reaches $1💰
24%
196 votes • Voting closed
🚨 Legal Showdown: SEC vs Coinbase Update! 🏛️💼
🔍 Background: The Battle for Cryptocurrency Classification
In a recent hearing, United States Judge Katherine Polk Failla cross-examined the SEC in its legal tussle with Coinbase. The SEC accuses Coinbase of deviating from the original Howey Test, a claim vehemently denied by the cryptocurrency exchange. The key contention revolves around the classification of tokens as securities.
💡 Judge Failla Demands Clarity on Securities and Staking
During the hearing, Judge Failla expressed dissatisfaction with the SEC's statements and urged the regulator to provide clearer definitions of terms such as "securities" and "staking." The SEC, in turn, criticized Coinbase, claiming that the exchange is crafting a "new version of the Howey Test."
📉 SEC's Warning and Coinbase's Defense
The SEC lawyer cautioned Coinbase against reinterpreting the Howey Test, stating that it would undermine the carefully constructed regulatory structure created in 1934. Coinbase, however, refuted the SEC's accusations, asserting that it had not reinterpreted the test. The legal teams clashed over whether Coinbase was stretching or adhering to the original Howey Test.
👩⚖️ Judge Failla's Consideration of Previous Rulings
Judge Failla drew on insights from Judge Jed Rakoff and Judge Analisa Torres' rulings on LBRY and XRP, respectively. Notably, Judge Torres concluded that XRP itself is not a security. Bill Morgan, an XRP advocate, sees this as a pivotal moment, suggesting that cryptocurrencies might be recognized as non-securities in the U.S.
🌐 The Future of Crypto Regulation: What's at Stake?
The legal battle signifies a crucial juncture in defining the regulatory landscape for cryptocurrencies. As Judge Failla seeks clarity, the outcome could shape the classification of tokens and set precedents for future regulations.
🌐 For real-time insights and news, follow The Blockopedia! 📰💻
#SECvsCrypto #SECvsRipple #SECvsCOINBASE #cryptocurrency #crypto2024
🔍 Background: The Battle for Cryptocurrency Classification
In a recent hearing, United States Judge Katherine Polk Failla cross-examined the SEC in its legal tussle with Coinbase. The SEC accuses Coinbase of deviating from the original Howey Test, a claim vehemently denied by the cryptocurrency exchange. The key contention revolves around the classification of tokens as securities.
💡 Judge Failla Demands Clarity on Securities and Staking
During the hearing, Judge Failla expressed dissatisfaction with the SEC's statements and urged the regulator to provide clearer definitions of terms such as "securities" and "staking." The SEC, in turn, criticized Coinbase, claiming that the exchange is crafting a "new version of the Howey Test."
📉 SEC's Warning and Coinbase's Defense
The SEC lawyer cautioned Coinbase against reinterpreting the Howey Test, stating that it would undermine the carefully constructed regulatory structure created in 1934. Coinbase, however, refuted the SEC's accusations, asserting that it had not reinterpreted the test. The legal teams clashed over whether Coinbase was stretching or adhering to the original Howey Test.
👩⚖️ Judge Failla's Consideration of Previous Rulings
Judge Failla drew on insights from Judge Jed Rakoff and Judge Analisa Torres' rulings on LBRY and XRP, respectively. Notably, Judge Torres concluded that XRP itself is not a security. Bill Morgan, an XRP advocate, sees this as a pivotal moment, suggesting that cryptocurrencies might be recognized as non-securities in the U.S.
🌐 The Future of Crypto Regulation: What's at Stake?
The legal battle signifies a crucial juncture in defining the regulatory landscape for cryptocurrencies. As Judge Failla seeks clarity, the outcome could shape the classification of tokens and set precedents for future regulations.
🌐 For real-time insights and news, follow The Blockopedia! 📰💻
#SECvsCrypto #SECvsRipple #SECvsCOINBASE #cryptocurrency #crypto2024
See original
XRP surges 194% in volume as key Ripple vs. SEC decision approaches
Derivatives trading volume on the popular cryptocurrency XRP has increased by a staggering 194% in the last 24 hours, according to CoinGlass.
This surge in activity is highlighted by a notable increase in monetary terms: turnover in derivatives, primarily open-ended XRP futures, rose to $831.89 million. At the same time, the cryptocurrency spot market saw a massive 130% increase in trading volume to an impressive $878.89 million.
This significant surge catapults the total XRP turnover on centralized platforms to a significant $1.7 billion in a single day. Given that XRP has a market capitalization of $28 billion, the cryptocurrency's trading volume is estimated to be approximately 6% of its market capitalization, implying significant but not excessive trading activity.
Of particular significance is the timing of the spike in XRP trading activity, which occurred on May 13, a key date in the ongoing legal battle between Ripple and the SEC.
#SECvsRipple #ETFvsBTC #SECCrypto #RippleTrends #XRPUSDT
$XRP
Derivatives trading volume on the popular cryptocurrency XRP has increased by a staggering 194% in the last 24 hours, according to CoinGlass.
This surge in activity is highlighted by a notable increase in monetary terms: turnover in derivatives, primarily open-ended XRP futures, rose to $831.89 million. At the same time, the cryptocurrency spot market saw a massive 130% increase in trading volume to an impressive $878.89 million.
This significant surge catapults the total XRP turnover on centralized platforms to a significant $1.7 billion in a single day. Given that XRP has a market capitalization of $28 billion, the cryptocurrency's trading volume is estimated to be approximately 6% of its market capitalization, implying significant but not excessive trading activity.
Of particular significance is the timing of the spike in XRP trading activity, which occurred on May 13, a key date in the ongoing legal battle between Ripple and the SEC.
#SECvsRipple #ETFvsBTC #SECCrypto #RippleTrends #XRPUSDT
$XRP
SEC Sticks It's Fingers Again & Seeks $2 Billion Penalty💰 in Ongoing Ripple Lawsuit⚖️
A lot of points to consider in this article as a lot has happened in those couple of days, $XRP has a big month coming with a lot of decisions to be made. Guys for all you XRP holders whom kept your investment for years or months, the time has come to know if you were right to hold or if XRP will turn out to be a dead coin.
Let's Dive in 🥂
💡 Intro: SEC vs Ripple Case Update 💡
The legal battle between the SEC and Ripple Labs continues to heat up, with the SEC recently demanding a staggering $2 billion penalty. This hefty fine comes as part of the ongoing lawsuit filed in December 2020, which alleges that Ripple violated federal securities laws through the sale of its cryptocurrency, XRP.
The SEC argues that XRP functioned as an unregistered security, meaning Ripple should have registered it with the commission before offering it to investors. Ripple, on the other hand, maintains that XRP is a utility token and not a security. This distinction is crucial, as securities are subject to stricter regulations than utility tokens.
The $2 billion penalty specifically refers to disgorgement, a legal term that requires a party to return any profits gained through illegal activity. In this case, the SEC is essentially demanding that Ripple repay the total amount of money raised through XRP sales.
Ripple executives have been vocal critics of the SEC's approach. Brad Garlinghouse, CEO of Ripple, called the fine a tactic to "punish and intimidate" rather than a fair resolution. Stuart Alderoty, Ripple's Chief Legal Officer, further emphasized his concerns, stating that the SEC's arguments rely on "misleading" information.
⚡XRP Price vs Volume Update⚡
As of today, Tuesday, March 26, 2024
The XRP price is around $0.624.The 24-hour trading volume is roughly $1.54 billion XRP.
It's important to remember that predicting cryptocurrency prices is inherently difficult. Here's what I can tell you about XRP's expected price in a bullrun:
Some sources suggest XRP could reach a maximum price of $1.95 after the $BTC halving and a Whooping price of $20 after the SEC vs Ripple Case is settled.However, these are just predictions, and the actual price could be higher or lower.
🔥Settlement Impact on the Crypto Industry🔥
The outcome of this lawsuit has significant implications for the entire cryptocurrency industry. A win for the SEC would set a precedent for how regulators classify and regulate digital assets. It could potentially lead to stricter regulations for other cryptocurrencies deemed securities by the SEC.
Conversely, a win for Ripple could provide much-needed clarity for the industry. It would establish a framework for how utility tokens can be offered and sold without falling under securities regulations. This could foster innovation and growth within the crypto space.
🚀XRP Road Ahead🚀
The legal battle is far from over. Ripple is expected to file a response to the SEC's demands in the coming weeks. The court will then weigh the arguments from both sides before reaching a final decision.
The complexity of the case and the high stakes involved suggest that a resolution may still be a long way off. Regardless of the eventual outcome, the SEC's $2 billion penalty request has undoubtedly injected a new level of intensity into this landmark lawsuit.
💥Additional Points to Consider💥
The lawsuit has sparked debate about the current regulatory landscape surrounding cryptocurrencies. Many industry experts believe that existing regulations are outdated and fail to adequately address the unique characteristics of digital assets.The SEC's actions have also drawn criticism for stifling innovation in the US crypto market. Some argue that the regulatory uncertainty is driving companies abroad to more crypto-friendly jurisdictions.
⏳Key Case Related Dates⏳
The key dates currently focus on remedy briefs related to potential penalties for Ripple's specific institutional sales of XRP, not all sales.April 12th is the deadline for motions opposing the SEC's remedies proposals.April 29th marks the final deadline for the court to determine these penalties.
A final verdict from Judge Torres on the broader security issue might not come until July or August 2024. However, there's a chance for an earlier resolution through a settlement.
🌿Finally🌿
This ongoing saga between the SEC and Ripple is sure to continue to be a major talking point within the cryptocurrency community. The final verdict will have a lasting impact on how digital assets are perceived and regulated in the years to come...
Follow & Like for MORE Exclusive Content🥂
🖋️ By @CryptoVenom
#TrendingTopic #BTC #XRP #SECvsRipple
Let's Dive in 🥂
💡 Intro: SEC vs Ripple Case Update 💡
The legal battle between the SEC and Ripple Labs continues to heat up, with the SEC recently demanding a staggering $2 billion penalty. This hefty fine comes as part of the ongoing lawsuit filed in December 2020, which alleges that Ripple violated federal securities laws through the sale of its cryptocurrency, XRP.
The SEC argues that XRP functioned as an unregistered security, meaning Ripple should have registered it with the commission before offering it to investors. Ripple, on the other hand, maintains that XRP is a utility token and not a security. This distinction is crucial, as securities are subject to stricter regulations than utility tokens.
The $2 billion penalty specifically refers to disgorgement, a legal term that requires a party to return any profits gained through illegal activity. In this case, the SEC is essentially demanding that Ripple repay the total amount of money raised through XRP sales.
Ripple executives have been vocal critics of the SEC's approach. Brad Garlinghouse, CEO of Ripple, called the fine a tactic to "punish and intimidate" rather than a fair resolution. Stuart Alderoty, Ripple's Chief Legal Officer, further emphasized his concerns, stating that the SEC's arguments rely on "misleading" information.
⚡XRP Price vs Volume Update⚡
As of today, Tuesday, March 26, 2024
The XRP price is around $0.624.The 24-hour trading volume is roughly $1.54 billion XRP.
It's important to remember that predicting cryptocurrency prices is inherently difficult. Here's what I can tell you about XRP's expected price in a bullrun:
Some sources suggest XRP could reach a maximum price of $1.95 after the $BTC halving and a Whooping price of $20 after the SEC vs Ripple Case is settled.However, these are just predictions, and the actual price could be higher or lower.
🔥Settlement Impact on the Crypto Industry🔥
The outcome of this lawsuit has significant implications for the entire cryptocurrency industry. A win for the SEC would set a precedent for how regulators classify and regulate digital assets. It could potentially lead to stricter regulations for other cryptocurrencies deemed securities by the SEC.
Conversely, a win for Ripple could provide much-needed clarity for the industry. It would establish a framework for how utility tokens can be offered and sold without falling under securities regulations. This could foster innovation and growth within the crypto space.
🚀XRP Road Ahead🚀
The legal battle is far from over. Ripple is expected to file a response to the SEC's demands in the coming weeks. The court will then weigh the arguments from both sides before reaching a final decision.
The complexity of the case and the high stakes involved suggest that a resolution may still be a long way off. Regardless of the eventual outcome, the SEC's $2 billion penalty request has undoubtedly injected a new level of intensity into this landmark lawsuit.
💥Additional Points to Consider💥
The lawsuit has sparked debate about the current regulatory landscape surrounding cryptocurrencies. Many industry experts believe that existing regulations are outdated and fail to adequately address the unique characteristics of digital assets.The SEC's actions have also drawn criticism for stifling innovation in the US crypto market. Some argue that the regulatory uncertainty is driving companies abroad to more crypto-friendly jurisdictions.
⏳Key Case Related Dates⏳
The key dates currently focus on remedy briefs related to potential penalties for Ripple's specific institutional sales of XRP, not all sales.April 12th is the deadline for motions opposing the SEC's remedies proposals.April 29th marks the final deadline for the court to determine these penalties.
A final verdict from Judge Torres on the broader security issue might not come until July or August 2024. However, there's a chance for an earlier resolution through a settlement.
🌿Finally🌿
This ongoing saga between the SEC and Ripple is sure to continue to be a major talking point within the cryptocurrency community. The final verdict will have a lasting impact on how digital assets are perceived and regulated in the years to come...
Follow & Like for MORE Exclusive Content🥂
🖋️ By @CryptoVenom
#TrendingTopic #BTC #XRP #SECvsRipple
#Write2earn
XRP SURGES AFTER RIPPLE SETTLEMENT: TRADING VOLUMES TRIPLE
#XRPVictory #XRP #Ripple #SECvsRipple
$XRP
XRP skyrocketed by 17% as Ripple Labs reached a milestone settlement with the U.S. Securities and Exchange Commission (SEC). The long-running legal battle finally saw some resolution, with a federal judge ordering Ripple to pay $125 million in civil penalties. While this marks a significant development, the SEC is expected to appeal, potentially extending the case.
Market Reactions and Trading Activity
Following the settlement, XRP's price jumped from 50 cents to 65 cents, with trading volumes soaring from $1.2 billion to $4.2 billion in just 24 hours. The surge in activity indicates strong market interest, particularly in South Korea, where XRP outperformed other major tokens.
Open interest in XRP-tracked futures increased by $200 million, showing new money entering the market. Over 60% of traders now have a long bias, expecting further price gains. Despite the significant price movements, short liquidations on XRP-tracked futures were minimal, suggesting that the rally was driven by spot trading.
Broader Market Overview
While XRP led the market gains, Toncoin (TON) also saw a 6% increase after Binance announced its listing. Other major cryptocurrencies like Bitcoin (BTC), Solana's SOL, and BNB Chain's BNB remained relatively unchanged. Ether (ETH), however, dropped by 3.4%.
In the ETF market, Bitcoin funds saw mixed flows. Bitcoin ETFs recorded $45.1 million in inflows, while Grayscale's GBTC saw a $30.6 million outflow. Ether ETFs experienced $23.7 million in outflows, with some funds like Fidelity's FETH managing small inflows.
Political Impact on Crypto Markets
BTC's stagnation may be influenced by political developments in the U.S., with Kamala Harris emerging as a potential market catalyst. Harris, now tied with Donald Trump in polls and on Polymarket, has gained support from a pro-crypto advocacy group, "Crypto for Harris," aiming to make crypto legislation a bipartisan issue.
XRP SURGES AFTER RIPPLE SETTLEMENT: TRADING VOLUMES TRIPLE
#XRPVictory #XRP #Ripple #SECvsRipple
$XRP
XRP skyrocketed by 17% as Ripple Labs reached a milestone settlement with the U.S. Securities and Exchange Commission (SEC). The long-running legal battle finally saw some resolution, with a federal judge ordering Ripple to pay $125 million in civil penalties. While this marks a significant development, the SEC is expected to appeal, potentially extending the case.
Market Reactions and Trading Activity
Following the settlement, XRP's price jumped from 50 cents to 65 cents, with trading volumes soaring from $1.2 billion to $4.2 billion in just 24 hours. The surge in activity indicates strong market interest, particularly in South Korea, where XRP outperformed other major tokens.
Open interest in XRP-tracked futures increased by $200 million, showing new money entering the market. Over 60% of traders now have a long bias, expecting further price gains. Despite the significant price movements, short liquidations on XRP-tracked futures were minimal, suggesting that the rally was driven by spot trading.
Broader Market Overview
While XRP led the market gains, Toncoin (TON) also saw a 6% increase after Binance announced its listing. Other major cryptocurrencies like Bitcoin (BTC), Solana's SOL, and BNB Chain's BNB remained relatively unchanged. Ether (ETH), however, dropped by 3.4%.
In the ETF market, Bitcoin funds saw mixed flows. Bitcoin ETFs recorded $45.1 million in inflows, while Grayscale's GBTC saw a $30.6 million outflow. Ether ETFs experienced $23.7 million in outflows, with some funds like Fidelity's FETH managing small inflows.
Political Impact on Crypto Markets
BTC's stagnation may be influenced by political developments in the U.S., with Kamala Harris emerging as a potential market catalyst. Harris, now tied with Donald Trump in polls and on Polymarket, has gained support from a pro-crypto advocacy group, "Crypto for Harris," aiming to make crypto legislation a bipartisan issue.
$XRP Can Go Berserk From Here 🚀🚀🚀
As you can see the rejection near the resistance of $0.63 is becoming a basic routine and it is consolidating after a great run today.
The iconic resistance level $0.6 was diminished today making it a support and now it needs to go past the hurdle at $0.63
In case of a sudden drop, immediate support is available at $0.62 & $0.61.
As of now Moving Averages and Oscillators are indicating a strong Buy.
XRP to the Moon 🌕
#Xrp🔥🔥 #SECvsRipple
$XRP
As you can see the rejection near the resistance of $0.63 is becoming a basic routine and it is consolidating after a great run today.
The iconic resistance level $0.6 was diminished today making it a support and now it needs to go past the hurdle at $0.63
In case of a sudden drop, immediate support is available at $0.62 & $0.61.
As of now Moving Averages and Oscillators are indicating a strong Buy.
XRP to the Moon 🌕
#Xrp🔥🔥 #SECvsRipple
$XRP
🚨 Ripple-SEC Showdown: The Uncertain Future of XRP ETFs 🚨
Insight from experts suggests bleak prospects for a spot XRP ETF, as Ripple grapples with the SEC and lacks an XRP futures ETF. Townsend Lansing of CoinShares believes an XRP ETF is viable only if the SEC reclassifies XRP as non-security. Scott Johnsson of Van Buren Capital also views the ETF's approval as highly unlikely without a shift in SEC leadership, while Bloomberg's James Seyffart casts doubt on an XRP ETF emerging this year as well. #CryptoUpdate #XRP #ETF #SECvsRipple
Insight from experts suggests bleak prospects for a spot XRP ETF, as Ripple grapples with the SEC and lacks an XRP futures ETF. Townsend Lansing of CoinShares believes an XRP ETF is viable only if the SEC reclassifies XRP as non-security. Scott Johnsson of Van Buren Capital also views the ETF's approval as highly unlikely without a shift in SEC leadership, while Bloomberg's James Seyffart casts doubt on an XRP ETF emerging this year as well. #CryptoUpdate #XRP #ETF #SECvsRipple
NOW
I THINK ITS TIME TO START TALKING
BIG NUMBERS AGAIN 💰$XRP 🚀
These guys work FAST! 🤯
#SECvsRipple #XRPGoal
I THINK ITS TIME TO START TALKING
BIG NUMBERS AGAIN 💰$XRP 🚀
These guys work FAST! 🤯
#SECvsRipple #XRPGoal
Looking forward for things that don't happen or getting put off is not healthy #SECvsRipple
XRP Whales Drive 235% Volume Surge as Accumulation Hits 662 Million Tokens, Price Rebounds
XRP Whales Drive 235% Volume Surge as Accumulation Hits 662 Million Tokens, Price Rebounds
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
XRP buy volume surges 235% as wallets holding 1M-10M XRP tokens accumulate 662.4M coins, marking a 10.4% rise in August.XRP rebounds to pre-crash levels, trading at $0.5703, despite a 4.31% drop in 24 hours, fueled by whale accumulation.
Social dominance of XRP hits a 7-month high, reflecting increased community interest and engagement following a favorable legal ruling.XRP has witnessed a notable increase in buy volume, surging over 235% within the last 24 hours. This surge coincides with increased activity among large holders, particularly wallets containing between 1 million and 10 million XRP tokens.
These wallets have collectively accumulated 662.4 million additional tokens in August, marking a substantial 10.4% rise. This accumulation indicates a big buying trend among large holders, often referred to as whales and sharks.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Price Recovery and Whale Activity
The recent activity among large holders aligns with a strong recovery in XRP’s price. The cryptocurrency’s value has rebounded to pre-crash levels last seen in July. At press time, XRP was trading at $0.5703, down by 4.31% in the last 24 hours but up 8.86% over the last week.
The price fluctuation reflects a low of $0.494291 and a high of $0.63883, with a closing price of $0.63127. The market cap of XRP stands at $32 billion, representing a 4.31% decrease, while the 24-hour trading volume has dropped by 8.95% to $1.05 billion.
#XRP #Ripple #SEC #SECvsRipple #XRPVictory $XRP $BTC $SOL
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
XRP buy volume surges 235% as wallets holding 1M-10M XRP tokens accumulate 662.4M coins, marking a 10.4% rise in August.XRP rebounds to pre-crash levels, trading at $0.5703, despite a 4.31% drop in 24 hours, fueled by whale accumulation.
Social dominance of XRP hits a 7-month high, reflecting increased community interest and engagement following a favorable legal ruling.XRP has witnessed a notable increase in buy volume, surging over 235% within the last 24 hours. This surge coincides with increased activity among large holders, particularly wallets containing between 1 million and 10 million XRP tokens.
These wallets have collectively accumulated 662.4 million additional tokens in August, marking a substantial 10.4% rise. This accumulation indicates a big buying trend among large holders, often referred to as whales and sharks.
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
Price Recovery and Whale Activity
The recent activity among large holders aligns with a strong recovery in XRP’s price. The cryptocurrency’s value has rebounded to pre-crash levels last seen in July. At press time, XRP was trading at $0.5703, down by 4.31% in the last 24 hours but up 8.86% over the last week.
The price fluctuation reflects a low of $0.494291 and a high of $0.63883, with a closing price of $0.63127. The market cap of XRP stands at $32 billion, representing a 4.31% decrease, while the 24-hour trading volume has dropped by 8.95% to $1.05 billion.
#XRP #Ripple #SEC #SECvsRipple #XRPVictory $XRP $BTC $SOL
