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<ul> 
 <li>Ripple remains resolute in its legal battle with the SEC, aiming to debunk regulatory ambiguity.</li> 
 <li>Despite XRP’s price dip, Ripple aims for global expansion backed by a partial legal victory.</li> 
 <li>The SEC’s contested approach places Ripple at the forefront of the fight for crypto regulatory clarity.</li> 
</ul> 
<p>As the crypto world watches, Ripple’s tenacious stance against the U.S. Securities and Exchange Commission (SEC) persists. Monica Long, Ripple’s President, unequivocally affirmed the company’s commitment to fighting the lawsuit, a legal tussle that has dragged on for nearly three years. This audacious posture resonates with other crypto leaders, like Binance and Coinbase, collectively clamoring for clear regulatory guidelines.</p> 
<p>According to a&nbsp;<a href="https://www.cnbc.com/2023/09/13/ripple-says-it-will-fight-the-sec-lawsuit-all-the-way-through.html" target="_blank" rel="noreferrer noopener">CNBC interview</a>, Long conveyed her resolve to “fight the case all the way through.” And why shouldn’t they? A recent judicial ruling clarified that Ripple’s programmatic sales of XRP are not securities, offering Ripple a partial win. However, the SEC, unsatisfied with this outcome, intends to appeal, relying on the Howey test as its linchpin for classifying XRP as a security.</p>    
<p>But Ripple has its eyes set on broader horizons. Despite XRP’s current price hiccup—dropping below the key support level of $0.50—Ripple contemplates global expansion. Long emphasizes, “We also got clarity in that lawsuit…XRP in and of itself is not a security, which opens the doors to expand our business globally.”</p> 
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<p>While the legal labyrinth persists, Ripple’s unwavering commitment to innovation foretells a robust future. As it continues to challenge existing paradigms and explore new possibilities, XRP stands to become a pivotal asset in the digital financial landscape.</p> 
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<p>The post <a rel="nofollow" href="https://cryptonewsland.com/why-the-sec-might-be-fighting-a-losing-battle-against-ripple/">Why the SEC Might Be Fighting a Losing Battle Against Ripple</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Why the SEC Might Be Fighting a Losing Battle Against Ripple

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