Ripple Vs. SEC Settlement: Here Are The Things You Should Know Going Forward
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The long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) ended (at least for now) following Judge Analisa Torres’ recent ruling awarding a $125 million penalty against the crypto firm. The verdict will have a massive impact on both parties, while an appeal from both sides is also on the cards. 

What Next For Ripple And The SEC
Ripple will have to pay the SEC a $125 million fine for violating securities laws. This violation resulted from the firm’s sale of XRP to institutional investors without first registering these transactions as investment contracts. Last year, Judge Torres ruled that Ripple violated securities laws through its institutional sales, although she declared that XRP isn’t a security in itself. 

Based on the rulings, this case, which began in December 2020, is more of a win for Ripple than for the SEC. Although Ripple will have to pay the SEC $125 million, the penalty is well below the $2 billion the Commission initially proposed. Ripple proposed a penalty of $10 million, but the crypto firm will have no problem paying the $125 million.

During an interview with CNBC, Ripple’s Chief Legal Officer (CLO) Stuart Alderoty indicated that his firm intends to pay the $125 million and move on with their business as soon as possible. The court order mandates Ripple to pay this fine within thirty days. However, Alderoty didn’t state exactly when the payment would be made other than confirming that it would be made from their balance sheet. 

Besides the $125 million penalty, it is worth mentioning that Judge Torres also awarded an injunction against future violations.

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Ripple Vs SEC: Judge Torres Ruling to Guide Future Crypto Cases
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Ripple Labs’ lawsuit against the U.S. Securities and Exchange Commission (SEC) has been a closely watched legal battle, and Judge Analisa Torres has just delivered a clear verdict.

The court fined Ripple Labs $125m, substantially less than the $2 billion that the SEC initially claimed it was owed. This decision is significant for the crypto industry and may have ramifications for other ongoing actions.

Ripple Avoids $876 Million Penalty in SEC Case
This is a partial win for both Ripple and the SEC. Ripple Labs did not have to pay the $876 million and $198 million in prejudgment interest that the SEC had sought.

However, the company is currently banned from offering or selling unregistered securities under Section 5 of the Securities Act of 1933.

The SEC was victorious on the unregistered securities matter but Judge Torres dismissed the agency’s Howey test on XRP.

Ripple claimed that XRP sales should not fall under the Howey test as sales were made in the secondary market. They added the sales were not with the pooling of profits. This part of the ruling could be quite positive and create a suitable basis for other similar crypto-connected cases.

Ripple Ruling May Influence Crypto Legal Battles Ahead
The current case can impact other legal procedures with large cryptocurrency companies such as Coinbase, Binance, and ConsenSys. Bloomberg Intelligence analyst Elliot Stein pointed out that the decision could be useful in Coinbase’s legal confrontation with the SEC.

Ripple’s case can help define the rules of conflict of interest in the sphere of crypto programmatic and secondary sales.

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Analyst Predicts 46,753% XRP Price Rally to $263, Citing this Bullish Indicator
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XRP, the native token of the XRP Ledger (XRPL), has been gaining attention from crypto analysts, who are predicting a massive breakout in price.Javon Marks, a crypto analyst, took to X to predict that XRP’s price could reach $263, representing a 46,753% increase from its current value.

Marks’ analysis is based on a nearly seven-year-old consolidation pattern, which is nearing its converging point. The analyst believes this pattern has triggered multiple bullish signals, indicating a strong potential for a significant breakout.

Marks’ forecast is grounded in historical strategies and patterns. The analyst believes that XRP could reach its full potential by replicating or following through on favorable conditions and trends from past successful periods.

While the prediction may seem overly optimistic, many analysts have become increasingly bullish about XRP’s price outlook since Ripple’s legal win against the United States Securities and Exchange Commission (SEC).

Breakout to $600: A Comparative Analysis
Brett Hill, another crypto analyst and XRP supporter predicts that XRP’s long-awaited breakout from the 2018 to 2024 triangle pattern is imminent.

Hill compares XRP’s projected breakout to a past event between 2013 and 2017, where the cryptocurrency witnessed a massive price surge.

Based on this historical trend, Hill suggests that XRP could witness a similar price movement, potentially pushing its price to new all-time highs.

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