Key Decision in Ripple (XRP) vs. SEC Case: Insights from Top Crypto Lawyer

• As the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) intensifies, the crypto community eagerly awaits the SEC’s reply brief due today, May 6, 2024.
• Ripple filed its opposition brief on April 22, challenging the SEC’s request for a hefty $2 billion fine in the ongoing litigation.
• Legal analysts and crypto enthusiasts are closely monitoring the SEC’s approach in its reply brief, which is expected to strengthen its claims for the remedies it seeks.

The Ripple vs SEC lawsuit takes a critical turn as the SEC prepares to file its reply brief. This article delves into the possible implications of the remedies phase on Ripple and the broader crypto market.

Ripple’s Opposition to SEC’s Hefty Fine

On April 22, Ripple filed its opposition brief against the U.S. Securities and Exchange Commission’s (SEC) request to impose a roughly $2 billion fine in the litigation. Ripple argued that the court should deny the SEC’s requests for an injunction, fo... Read the full article for FREE at COINOTAG!