Ripple Drops Cross-upal in SEC Showdown: Can the XRP price benefit from the price?
- Ripple has ended its 4 -year legal battle with the Supreme Education Council, as the two sides shot down their appeal, but the final court and the SEC approval is suspended.
- Under the settlement, SEC maintains $ 50 million from a fine of $ 125 million in the guarantee, with no violations of Ripple.
- Ripple closure comes in the supervision of encryption, although the price of XRP is still largely unchanged.
After more than 4 years of uncertainty and huge legal fees, the Ripple case against the Securities and Stock Exchange (SEC) has finally ended.
A week ago, CEO of Ripple Brad Garlinghouse He said The Supreme Education Council dropped its call, describing it as a “resounding victory for Ripple”.
According to Ripple Stuart Alderoty’s chief legal officials, the company placed the “final crossing of T’s and Coming of I’s” in one of the highest cryptocurrencies in SEC at a time when the organizer is mitigation Supervising the industry (which is the previous director He says It is a mistake).
According to the agreement, the agency will keep a fine of $ 50 million ($ 79 million) from a fine of $ 125 million ($ 198 million), which is now being held in the interest of guarantee and gain.
However, note that aldeoty said the settlement is not The acceptance of violations. Moreover, the final approval is still required by both SEC and the judge.
In a post, Aldouti said:
Last week, SEC agreed to drop her appeal without conditions. Ripple now agreed to drop her cross. SEC will retain a fine of $ 50 million from a fine of $ 125 million (already in a guarantee of interest in cash), while returning the balance to Ripple.
Stewart Albeirotti, chief legal official in Ripple
Aldeoty added that the agency will ask the court to raise the standard imposed bargaining order earlier at the SEC request. “Everything that is subject to the commission vote, the formulation of final documents and the usual court operations. This is all people!”
XRP remains … it has not changed
But the good news did not send exactly Xrp In a mega rally or anything close to it. On the daily chart, XRP is traded at $ 2.44 ($ 3.87), which is a change of 0.11 %. On the weekly scale, the distinctive symbol increases at least 7 %.
However, the logical argument is that the distinctive symbol has already its price in settling the case for several days until now.
At least in the annual graph, XRP has gained more than 270 %, making it the fourth largest encrypted currency depending on the market value, backward bitcoin, ethereum and spices.
Related to: The expert says that distinctive gold may pave the way for bitcoin growth
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