Fine

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ripple-braces-for-major-sec-penalty" rel="noopener noreferrer nofollow">Ripple Braces for Major SEC Penalty</a><br></p>
<p style="text-align: justify">The U.S. Securities and Exchange Commission (SEC) is poised to enforce a substantial financial penalty on <a href="https://en.bitcoinhaber.net/xrps-price-hike-predicted-by-crypto-analyst-with-key-indicator" rel="noopener noreferrer nofollow">Ripple</a>, demanding a whopping $1.95 billion for contraventions of federal securities regulations. This development has caused a buzz within the <a href="https://en.bitcoinhaber.net/dean-phillips-criticizes-presidential-candidates-understanding-of-crypto-during-democratic-primaries" rel="noopener noreferrer nofollow">cryptocurrency</a> community as the regulatory body submitted its resolution summary and suggested judgment.</p>
<h2 id="ripple-s-dilemma-funding-the-fine-without-market-upset">Ripple’s Dilemma: Funding the Fine without Market Upset</h2>
<p style="text-align: justify">Ripple might need to liquidate part of its vast <a href="https://en.bitcoinhaber.net/xrp-gathers-momentum-as-key-events-and-technical-levels-emerge" rel="noopener noreferrer nofollow">XRP</a> holdings, totaling over 40 billion stored in escrow, to settle the penalty. However, offloading such a colossal amount of XRP could disrupt the market, potentially triggering price volatility. Ripple’s regular monthly XRP sales already influence the market, hinting at the possible repercussions of a large-scale disposal.</p>
<p style="text-align: justify">Mere speculation about the company’s plans has the potential to exert downward pressure on XRP’s value. The final resolution of this financial predicament, however, hangs in the balance as Ripple awaits the court’s ruling and contemplates subsequent appeals. The organization’s next move in response to the SEC’s filing will be a critical step in the upcoming months.</p>
<h2 id="ripple-s-legal-struggles-cast-shadow-on-xrp-s-valuation">Ripple’s Legal Struggles Cast Shadow on XRP’s Valuation</h2>
<p style="text-align: justify">The controversy surrounding Ripple is set to cast a shadow over the immediate future of the cryptocurrency market. With the legal battle against Ripple being a primary cause for XRP’s lackluster performance during the last bull run, the current uncertainties continue to grip the token’s pricing prospects. Until these legal challenges are resolved, XRP’s value faces the risk of stagnation or further decline.</p>
<p style="text-align: justify">Amid these trials, XRP’s market price is currently valued at $0.63, reflecting only a 6% increase over the past year. This modest performance underscores the impact of the ongoing legal quandaries on XRP’s market potential.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ripple-braces-for-major-sec-penalty" rel="noopener noreferrer nofollow">Ripple Braces for Major SEC Penalty</a></h5>

Ripple Braces for Major SEC Penalty

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