- Ripple’s court victory slashes SEC’s $2B demand to $125M.
- A permanent injunction raises questions about Ripple’s future.
- The crypto community anticipates potential appeal and market surge.
Ripple Labs has achieved a significant legal victory against the U.S. Securities and Exchange Commission (SEC), as a federal court slashed the SEC’s initial $2 billion demand to a $125 million penalty.
Ripple CEO Brad Garlinghouse has called the ruling a triumph for both Ripple and the broader crypto industry, stating, “We respect the Court’s decision and have the clarity to continue growing our company.”
The decision marks a turning point in a protracted legal battle that has gripped the cryptocurrency community for nearly four years. The court not only reduced the financial penalty but also denied the SEC’s request for disgorgement.
Ripple, however, did not emerge entirely unscathed. Specifically, the court granted the SEC’s request for a permanent injunction, barring Ripple from engaging in unregistered securities sales in the future. These mixed outcomes have led to ongoing debates over the completeness of Ripple’s victory.
Now, uncertainty looms as the crypto community speculates on whether the SEC will appeal the decision. Commenting on the lawsuit decision, Marc Fagel, a former SEC attorney, sarcastically suggested speculation about the SEC’s appeal prospects would be another talking point in the crypto community for the coming months. Notably, the possibility of an appeal could extend the legal saga, delaying an absolute resolution in the Ripple case.
Meanwhile, the XRP community is brimming with optimism. Some, like Crypto EA, are bullish on XRP’s future, predicting a price surge to $10 by the end of the year. “PUMP XRP TO $10 AT LEAST THIS YEAR,” read one tweet, reflecting the excitement among investors following the lawsuit victory.
While Ripple celebrates its courtroom win, the lasting effects of this case—both legally and in the market—remain to be fully realized. The SEC’s next steps, and the market’s reaction, will determine whether Ripple’s victory is indeed complete.
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