<ul><li>Ripple&#39;s ongoing legal battle with the SEC intensifies as the agency demands two years of audited financial records.</li><li>XRP&#39;s value witnesses a significant decline, reaching a three-month low amidst legal uncertainties and market volatility.</li><li>Technical indicators like RSI and MACD suggest a bearish trend for XRP, with a potential for reversal under favorable market conditions.</li></ul>Ripple (XRP), a prominent player in the cryptocurrency world, is currently <a href="https://www.sec.gov/files/litigation/complaints/2020/comp-pr2020-338.pdf" rel="noopener noreferrer nofollow">grappling</a> with heightened legal scrutiny from the Securities and Exchange Commission (SEC). The latest rivalry in this ongoing saga is the <a href="https://www.sec.gov/news/press-release/2020-338" rel="noopener noreferrer nofollow">SEC&#39;s</a> move to bolster its case against Ripple by filing a reply supporting its motion to compel.This <a href="https://cryptotale.org/secs-gensler-faces-criticism-from-ripples-garlinghouse-over-crypto-strategy/" rel="noopener noreferrer nofollow">legal</a> maneuver is designed to acquire crucial financial documents and responses to specific interrogatories from Ripple, primarily focusing on the company&#39;s audited financial statements for the past two years and detailed information regarding post-complaint Institutional Sales contracts.This recent action by the SEC underscores its unwavering commitment to pursue this case and to secure a favorable outcome. The regulatory body&#39;s determination is evident from its partial victory earlier in the proceedings, where XRP was classified as a security concerning institutional sales. Despite this, the <a href="https://cryptotale.org/crypto-classification-crisis-sec-binance-clash-over-digital-asset-regulation/" rel="noopener noreferrer nofollow">SEC</a> is not relenting in its pursuit of comprehensive disclosure from Ripple, reflecting the agency&#39;s stringent approach to regulatory compliance in the crypto sector.Read full article at <a href="https://cryptotale.org/sec-escalates-legal-pressure-on-ripple-impacting-xrp-market-performance/" rel="noopener noreferrer nofollow">CryptoTale.</a>

SEC Escalates Legal Pressure on Ripple, Impacting XRP Market Performance

CryptoTale

Alte articole publicate pe 24 ian. 2024

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