Final SEC Response in XRP (XRP) Lawsuit: What Does the Future Hold for Ripple’s Cryptocurrency?
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- The U.S. Securities and Exchange Commission (SEC) has filed a reply to Ripple’s opposition to $2 billion in fines for institutional sales, advancing the ongoing legal dispute between the two entities.
- Despite the legal turmoil, XRP price has seen a significant buying activity from derivatives traders, indicating a bullish market sentiment.
- The final decision in the Ripple Vs SEC case is expected to serve as a significant catalyst for a potential rally in XRP price.
The SEC advances its legal dispute with Ripple Labs by filing a reply to the opposition of $2 billion in fines. Despite the ongoing lawsuit, XRP price sees a surge in buying activity from derivatives traders, hinting at a potential price rally.
SEC Advances Legal Dispute with Ripple Labs
In the ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), significant progress has been made with the recent actions taken by the regulatory agency. The SEC has advanced the case by submitting its final reply in the remedies phase of the lawsuit, marking a notable development in the legal proceedings. The SEC is to confer with Ripple to release a public version of the filing on May 8, with redactions to confidential information.