United

Biden

Gary

<p>The legal battle between Ripple Labs and the SEC reaches a crucial point. Ripple has refused a reduced settlement offer, illustrating ongoing tensions. This case could have major repercussions on the crypto industry.</p>
<h2 id="h-context-of-the-legal-battle">Context of the legal battle</h2>
<p>The SEC initially demanded $2 billion in fines from Ripple. However, the agency recently proposed to reduce this amount to $102 million. Ripple rejected this offer, highlighting its commitment to defend its interests and those of crypto. This decision reflects a struggle for justice against what Ripple perceives as undue harassment from the SEC.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>The SEC was created to protect investors, but <a href="https://www.cointribune.com/en/ripple-will-unlock-1-billion-xrp-in-july-the-crypto-is-at-risk-of-collapsing/" target="_blank" rel="noopener noreferrer nofollow">its actions</a> against Ripple have raised criticisms. The legal battle has cost Ripple more than $200 million. Indeed, this struggle is crucial not only for Ripple but for the entire crypto sector. The outcome of this trial could set an important precedent and limit the SEC’s actions in the future.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-political-influence-and-crypto-regulation">Political influence and crypto regulation</h2>
<p>With President Biden potentially being replaced, major political changes loom on the horizon. The influence of Gary Gensler, chairman of the SEC, could diminish, creating a potentially more favorable environment for crypto. <a href="https://coinmarketcap.com/fr/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a> and other crypto companies, like Coinbase and Binance, hope that these regulatory changes will support the industry’s growth.</p>
<p>Historically, the United States has been a leader in adopting new technologies. Yet, under Gensler’s leadership, the SEC has adopted a strict stance towards cryptos, which has slowed the sector’s growth. Companies like Ripple have had to face costly legal battles to defend their interests. The forthcoming decision from Judge Torres is eagerly awaited, as it could strongly influence the future of cryptocurrencies in the United States.</p>
<p>The imminent decision from Judge Torres in the Ripple vs. SEC case is crucial. A victory for Ripple could not only clear the company’s name but also send a strong message to the SEC. Ripple and its supporters hope for a favorable verdict that would limit uncontrolled governmental actions and ensure fair treatment for the entire <a href="https://www.cointribune.com/en/crypto-92-of-matic-addresses-empty-investors-are-worried/" target="_blank" rel="noopener noreferrer nofollow">crypto community</a>.</p>

Ripple Rejects SEC Offer: Serious Repercussions for Crypto

Table of Contents

Cointribune EN

Muita 2. heinäk. 2024 julkaistuja artikkeleja

Grayscale Unveils “Top 20” Crypto List, Bets on Ethereum and AI-Linked Tokens

Mark Cuban Criticizes Gary Gensler’s Crypto Regulations: Notes Bureaucracy as the Real Issue

Galaxy Fox Shining: GFOX Up 12X in 2 Months as USDT Activity Plunge on Ethereum and Tron

Bitcoin To Hit $100K By US Election: Standard Chartered

Here is What to Expect from Bonk (BONK) & FLOKI (FLOKI) Price Rally in July 2024

Fretting Where to Invest? Investors Ditch Ripple, Internet Computer to Sign Up for Qubetics White...

Join our free newsletter for daily crypto updates!