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🔴 RIPPLE vs SEC 🔴

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Ripple CEO Reflects on SEC Lawsuit Anniversary1.

Anniversary of XRP Ruling:

- >Ripple marks one year since Judge Torres ruled XRP is not a security, a crucial legal milestone.

- >Ripple's Chief Legal Officer, Stuart Alderoty, emphasized the significance of this decision in the ongoing battle with the SEC.

2. Ripple CEO's Perspective:

- >Brad Garlinghouse, Ripple CEO, reiterated their belief in being on the right side of the law.

- >Despite SEC's increased actions under Gary Gensler, Ripple and the crypto industry remain resilient.

3. Legal Developments:

- >Ripple’s class action lawsuit parties have filed motions to seal parts of their briefs.

- >A settlement conference is set with Magistrate Judge Robert Illman, with key decisions due by July 26.

4. XRP Market Performance:

- >XRP saw a 6% price increase, trading at $0.4748.

- >Market capitalization and 24-hour trading volume surged by 6% and 46%, respectively.

🌐Impact on the Crypto Industry:

- >The decision has broader implications, highlighting the need for clear legislation over costly court battles.

- >Ripple remains optimistic about overcoming SEC's legal challenges and strengthening the crypto industry.

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