HODL

United

<p>An attorney has provided insights on the <a href="https://bitcoinist.com/ripple-vs-sec-lawsuit-end/">impending court judgment</a> from the United States Securities and Exchange Commission (SEC) concerning its lawsuit against Ripple. As the <a href="https://bitcoinist.com/ripple-accuses-sec-of-bias-in-latest-filing/">legal battle</a> finally appears to be approaching its end, the attorney has outlined how the potential judgements could impact Ripple’s reputation and digital asset operations in the United States (US).&nbsp;</p> 
<h2 id="impending-sec-judgements-for-ripple">Impending SEC Judgements For Ripple</h2> 
<p>Fred Rispoli, the founder of HODL law, was recently featured in a <a href="https://youtu.be/ZL2purQJu_4?si=oVwWAol44ldkOqrY" rel="nofollow noopener" target="_blank">YouTube video</a> hosted on the Thinking Crypto podcast, by Tony Edward. When asked if the <a href="https://bitcoinist.com/ripple-disputes-crucial-sec-claims-new-filing/">judgement against Ripple </a>would involve penalties for institutional sales of XRP, Rispoli confirmed that Ripple would indeed be mandated to pay a specified amount in fines.&nbsp;&nbsp;</p> 
<p>He disclosed that the penalty would not be as severe as the <a href="https://www.newsbtc.com/news/ripple/ripple-ceo-sec-2-billion/" rel="nofollow noopener" target="_blank">SEC’s initial $2 billion fine</a> for selling XRP to institutional investors. However, he also acknowledged that a $2 billion penalty fee would be challenging and detrimental for the crypto firm but not fatal to the company.&nbsp;</p> 
<p>Rispoli has predicted that the <a href="https://bitcoinist.com/sec-lowers-ripple-settlement-demand-to-103m/">SEC’s judgment </a>will most likely be under $25 million, accompanied by a penalty as opposed to <a href="https://bitcoinist.com/us-sec-faces-another-legal-blow-ripple-clo/">disgorgement</a>. He added that the most important aspect of the forthcoming judgment would be Ripple’s injunction and the potential restrictions placed on the company. According to the attorney, these injunction terms would hold considerable significance for <a href="https://bitcoinist.com/ripple-targets-it-services-industry/">Ripple’s future operations</a> and financial interests.&nbsp;</p> 
<p>The HODL law founder also disclosed that the SEC desires a “broad sweeping injunction” for Ripple. He highlighted that the regulator had written in their proposed order last year,&nbsp; to restrict its ability to execute any activities that could be remotely ruled as unregistered securities transactions.&nbsp;</p> 
<p>However, Rispoli has revealed that the Judge would most likely avoid any new cases the SEC brings up that have no litigation. He emphasized that when a government entity like the US SEC is involved in a lawsuit they typically have 60 days to <a href="https://bitcoinist.com/ripple-case-may-end-without-sec-appeal/">file a notice of appeal</a> instead of the standard 30 days. Once Ripple’s judgment has been confirmed, the SEC will have exactly 60 days to decide on whether they will appeal.&nbsp;&nbsp;</p> 
<h2 id="future-implications-of-legal-battle">Future Implications Of Legal Battle</h2> 
<p>While speaking on the outcome of the legal case between Ripple and the SEC, Rispoli disclosed that Ripple may have to <a href="https://bitcoinist.com/ripplep-artners-with-hashkey-dx-for-xrpl-solutions/">push their operations outside of the US</a> if the outcome of the lawsuit becomes detrimental. He highlighted that this would be a massive blow to the US economy, given the firm’s status as a leading crypto payments company and its future goals to become a global alternative to the <a href="https://bitcoinist.com/swift-crypto-integration-chainlink-link-a-success/">SWIFT network</a>.</p> 
<p>He also disclosed that Ripple’s plans for an Initial Public Offering (IPO) may be hindered or delayed by the SEC. Additionally, the company’s <a href="https://bitcoinist.com/sec-ripple-latest-stablecoin/">launch of a stablecoin</a> in the future could be seen as a security, given the <a href="https://bitcoinist.com/sec-anti-crypto-bill-ripple-clo/">SEC’s anti-crypto stance</a>.</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/HCX248u2/" alt="XRP price chart from Tradingview.com (Ripple SEC)" width="3286" height="1576">

Attorney Sheds Light On Possible SEC Judgement As Ripple Enters Final Days Of Legal Battle

Mục lục

Bitcoinist

Các bài viết khác được xuất bản trên 27 thg 6, 2024

Coinbase Sues SEC, Demanding Clearer Guidelines On Crypto Regulation

Fhenix Announces Encryption Day Event at EthCC on July 9

Enforcement of South Korean virtual assets law prescribed in decree

MTAUR Enters Presale Battle, Challenging BDAG and ALGT

The Psychology of the Bitcoin Wholecoiner: FOMO or HODL?

Litecoin beats Bitcoin, Ethereum in usage, so why is LTC still bearish?

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!