Coin

<ul class="news-points"> 
 <li>XRP pulled back on Saturday as users anticipate the SEC’s reply brief on May 6.</li> 
 <li>The brief will follow up on the ongoing case between the SEC and Ripple.</li> 
 <li>The brief’s content will inform users of the strength of the SEC’s case against Ripple.</li> 
</ul> 
XRP made a slight pullback on Saturday as users look forward to the upcoming reply brief by the U.S. <a href="https://coinedition.com/tag/sec/">Securities and Exchange Commission (SEC)</a> in its case against Ripple. The court expects the commission to file a remedy-related reply brief on Monday, May 6, to argue why Ripple should be penalized. 
The expected reply brief will be one in a series of filings between the SEC and Ripple, which started with the SEC’s opening brief in March. The commission had pressed for a punitive penalty and an injunction against Ripple, alleging that the latter breached U.S. Securities laws after the December 2020 complaint. 
Following the SEC’s remedy-related opening brief, Ripple <a href="https://coinedition.com/ripple-will-lose-motion-to-stop-the-secs-opposition-filing-lawyer/">filed</a> a remedy-related opposition brief to counter the SEC’s allegations. In its opposition brief filing, the fintech firm asked the court to strike the SEC’s filing, citing irregularities an…
The post <a href="https://coinedition.com/xrp-plunges-ahead-of-the-secs-upcoming-reply-brief-on-may-6/">XRP Plunges Ahead Of The SEC’s Upcoming Reply Brief On May 6</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP Plunges Ahead Of The SEC’s Upcoming Reply Brief On May 6

Coin Edition

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