Victory

Movement

Partial

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-and-xrp-community-celebrate-partial-victory-over-sec/" data-wpel-link="internal">Ripple and XRP Community Celebrate Partial Victory Over SEC</a><br></p>
<p style="text-align: justify"><strong>Ripple</strong> and the XRP community are enjoying a partial victory after years of legal battle with the U.S. Securities and Exchange Commission (SEC). However, this war is not completely over yet. As the SEC’s appeal deadline approaches, tensions are rising. Now everyone is waiting for this critical move.</p> 
<h2 style="text-align: justify" id="sec-s-decision-awaited">SEC’s Decision Awaited</h2> 
<p style="text-align: justify">The SEC has not yet taken any steps to initiate the appeal process in the case against Ripple. The final decision on August 7, 2024, stated that XRP is not a security. The decision has led to various reactions in the crypto world, and speculation about what step the SEC will take has increased.</p> 
<p style="text-align: justify">So far, the <strong>SEC</strong> remains silent. This silence has further increased uncertainties about the institution’s next move. Some experts believe that recent criticisms from courts against the SEC might make the decision to appeal more difficult for the SEC.</p> 
<h2 style="text-align: justify" id="clear-message-from-ripple-ceo">Clear Message from Ripple CEO</h2> 
<p style="text-align: justify">While uncertainty continues, Ripple CEO Brad Garlinghouse gave clear messages about the possibility of an SEC appeal during his speech at Korea Blockchain Week. Garlinghouse stated that the SEC does not have a ground to overturn the decision that XRP is not a security. Garlinghouse’s strong stance has somewhat alleviated concerns about the appeal process on the Ripple side.</p> 
<p style="text-align: justify">Garlinghouse also emphasized that the SEC’s stance on cryptocurrencies might change after the upcoming U.S. elections. He expressed that this nearly four-year-long case might be nearing its end. Famous crypto advocate lawyer Bill Morgan stated that it is difficult for the SEC to win this case. Morgan, particularly referring to the regulatory approaches of other countries, emphasized the court’s decision that XRP is not a security.</p> 
<h2 style="text-align: justify" id="xrp-price-shows-movement">XRP Price Shows Movement</h2> 
<p style="text-align: justify">XRP has lost less value compared to the general <a href="https://en.coin-turk.com/kucoin-report-reveals-significant-asset-outflows-is-investor-confidence-fading/" data-wpel-link="internal">crypto </a><a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> due to speculation about the SEC’s possible appeal decision. Currently, XRP is trading below the 50-day moving average but above the 200-day moving average, presenting a mixed picture.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-385468 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/XRPUSDT_2024-09-04_09-50-15.png" alt="" width="1814" height="798"></p> 
<p style="text-align: justify">If the SEC appeals, XRP is predicted to fall below $0.40. However, if the appeal does not occur, XRP is expected to rise towards the $1 level. This prediction is similar to the reaction to the court decision regarding XRP’s programmatic sales.</p> 
<p style="text-align: justify">Currently, XRP is trading at around $0.55 and has seen a 3% drop in the last 24 hours. Despite this, XRP’s trading volume has increased by 27%, and its market value stands at $30.9 billion.</p> 
<p>The post <a href="https://en.coin-turk.com/ripple-and-xrp-community-celebrate-partial-victory-over-sec/" data-wpel-link="internal">Ripple and XRP Community Celebrate Partial Victory Over SEC</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Ripple and XRP Community Celebrate Partial Victory Over SEC

Table of Contents

COINTURK NEWS

Other articles published on Sep 4, 2024

Polygon Upgrades $MATIC Token to $POL: What It Means for the Network and Holders

Justin Sun Addresses Concerns Over 12,000 Bitcoin Withdrawal from USDD’s Collateral

CFTC Recovers $18M in Crypto from Alleged Ponzi Scheme Led by Oregon Resident

Former Mt. Gox CEO to Launch New Crypto Exchange This Month

Will Bitcoin Dip To $50K? BTC Bulls Face September Challenge

Polygon 2.0 Is Here: Say Goodbye to MATIC and Hello to POL – What’s Next?

Join our free newsletter for daily crypto updates!