Short selling ideas: short selling near the 26600 line, the second target is to start short selling when a peak signal appears near the 26400 line, look down to the 26500 line, if it breaks, look near the 26000 line, continue to break and look near the 25500 line, and continue to fall!
In a new YouTube video, cryptanalyst Zach Humphries listed the key dates for the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) in 2024. In his opinion, the litigation in the Ripple v. SEC case could determine the fate of an entire industry. February 12 will be the date for a “deep dive” briefing on legal remedies, which will pave the way for the trial. On March 13, the SEC will present its side of the story following its review of the situation. One of the main issues that the SEC will challenge will be the sale of XRP to institutional investors. In July 2023, a US federal court ruled that XRP is not a security, which contradicts the allegations in the regulator's lawsuit. At the same time, the court partially ruled in favor of the SEC, determining that sales of Ripple XRP to organizations constitute an unregistered investment contract in securities. Humphreys noted another important point in the schedule for consideration of the case, which will occur on April 12, 2024. On this day, Ripple plans to submit its objections to the SEC's charges. With a short interval, namely April 29, the SEC's response is expected. With a short interval, namely on April 29, the SEC's response is expected. A final decision could be made by the end of April or May 2024, ending a legal standoff that began in 2020.
