United

<ul class="wp-block-list news-points"> 
 <li>XRP surged 18% and is currently trading at $0.606, up almost 44% in one month.</li> 
 <li>Judge Torres slashed the SEC’s $2 billion demand by 94%.</li> 
 <li>Ripple CEO said that this is a landmark victory for the digital asset space.</li> 
</ul> 
XRP, the seventh-largest cryptocurrency by market capitalization, surged a whopping 18% in the past 24 hours following Judge Analisa Torres rulings on the remedies sought by the United States Securities and Exchange Commission (SEC) from American fintech firm Ripple and the digital asset sector expects that both the parties might appeal the ruling.&nbsp; 
MetaLawMan, a prominent lawyer in the crypto space, said in a post on social media platform X (previously known as Twitter) that the judge declined the SEC’s request of $2 billion from the fintech firm. The final ruling requires Ripple to pay a $125 million civil penalty for securities violations related to institutional sales, but no disgorgement. The ruling also includes an injunction, prohibiting Ripple from further violations of Section 5 of the Securities Act. 
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 Judge Torres has issued her ruling on remedies in <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Ripple</a>. 1. $0 disgorgement as expect because no losses shown by the SEC. 2. $125 mi…
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The post <a href="https://coinedition.com/secs-case-against-ripple-a-pyrrhic-victory-will-xrp-soar-or-stall/">SEC’s Case Against Ripple: A Pyrrhic Victory? Will XRP Soar or Stall?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SEC’s Case Against Ripple: A Pyrrhic Victory? Will XRP Soar or Stall?

Coin Edition

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