Coin

<ul class="news-points">
 <li>All charges against Ripple were dropped by a California judge, except one.</li>
 <li>The SEC lowered the $2 billion fine to $102.6 million.</li>
 <li>XRP is down 4% since June 2023, despite positive developments.</li>
</ul>
A California court ruling favoring Ripple Labs in its ongoing legal battle with the U.S. Securities and Exchange Commission has sent ripples through the cryptocurrency market, yet the price of its XRP token has rather stayed unfazed.
Judge Phyllis J. Hamilton <a href="https://storage.courtlistener.com/recap/gov.uscourts.cand.334410/gov.uscourts.cand.334410.419.0.pdf" target="_blank" rel="noopener noreferrer nofollow">ruled</a> that the that Ripple did not violate US securities laws, stating that the court “declines to find as a matter of law that a reasonable investor would have derived any expectation of profit from general cryptocurrency market trends, as opposed to Ripple’s efforts to facilitate XRP’s use in cross-border payments, among other things.”
Ripple’s Chief Legal Officer, Stu Alderoty, pointed out that one of the allegations is going to trial, and his firm is looking forward to the cross-examination, adding:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “The CA judge dismissed all allegations suggesting that Ripple violated federal securities law. The NY ruling that XRP is not a security stands undisturbed.”
</blockquote>
The SEC initially sought $2 billion …
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XRP Struggles Despite Ripple’s Legal Win Over SEC

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