Future

Coin

<ul class="news-points"> 
 <li>XRP lags behind the market as investors await the SEC vs. Ripple verdict on institutional sales penalties.</li> 
 <li>Ripple may face a $10M penalty if the court rules post-complaint XRP sales complied with US securities laws.</li> 
 <li>The IG’s probe into SEC conflicts of interest could impact SEC’s appeal against the Programmatic Sales ruling.</li> 
</ul> 
XRP edged up on Thursday, June 27, currently <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="nofollow">trading at</a> $0.475852, mirroring the broader crypto market’s movement. However, XRP lagged behind due to the impending verdict in the SEC vs. Ripple case and the <a href="https://coinedition.com/ripple-ceo-slams-sec-chairs-nonsense-crypto-claims-amid-market-downturn/?utm_source=telegram_channel&amp;utm_medium=referral">SEC’s intention</a> to appeal the ruling on Programmatic Sales of XRP. Investors eagerly await the court’s decision on penalties for alleged violations of US securities laws regarding XRP sales to institutional investors. 
In March, the SEC <a href="https://www.reuters.com/markets/us/sec-seeking-2-billion-ripple-labs-chief-legal-officer-says-2024-03-25/" target="_blank" rel="nofollow">filed a brief</a> with the courts, asking for an almost $2 billion penalty and an injunction to prevent XRP sales to institutional investors. Ripple countered with a proposal of a $10 million penalty, emphasizing that it had not continued to breach US securities laws. Ripple also noted the absence of fraud allegations in the case. 
The outcome o…
The post <a href="https://coinedition.com/xrps-future-in-jeopardy-key-court-decision-looms-amid-sec-appeal-plans/">XRP’s Future in Jeopardy? Key Court Decision Looms Amid SEC Appeal Plans</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP’s Future in Jeopardy? Key Court Decision Looms Amid SEC Appeal Plans

Coin Edition

Other articles published on Jun 28, 2024

Bitcoin: Over 1M addresses now hold 1 BTC as market eyes recovery

U.S. Government Transfers More Bitcoin, Further BTC Selloff Imminent?

Solana Ecosystem Top Gainers: MICHI, OTK, WEN, DADDY

Bitdeer Expands Bitcoin Mining in Ohio Industrial Park

FATF Takes Turkey Off Grey List

Coinbase and Stripe Strengthen Strategic Collaboration to Expand USDC on Layer 2 Base

Join our free newsletter for daily crypto updates!