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Ripple Wins Huge Victory Over Sec But Still Faces Crushing Reality Of Having To Pay A Fine That’s Only Marginally Less Embarrassing Than Losing

An illustration of Ripple's logo with an anchor symbolizing stability amidst waves representing turmoil. The wave crest bears a faint image of the U.S. Securities and Exchange Commission (SEC) shield, subtly conveying defeat while maintaining balance within turbulent waters. A bar of gold in the background glimmers as a token of clarity established by the court ruling that XRP is not inherently a security.

Ripple’s chief legal officer Stuart Alderoty has been spouting off about how great their win was against the SEC. Newsflash: a $125 million fine is not exactly something to celebrate! The man must be living under a rock if he thinks this ruling sets them free from all troubles with crypto regulations

Source: bitcoin.com

Ripple’s chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal. He noted that the SEC “lost on everything” important, highlighting that the court firmly rejected the notion that […]

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