SEC and Ripple end the legal battle after 5 years. XRP rises above 3.30 Dollar!



In a historic development, the SEC announced ( and Ripple have ended their mutual appeals in the case that has lasted since 2020 regarding XRP.

🔹 Details:
It was agreed to cancel all appeals, with each party bearing its own legal costs.

Ripple will pay a civil penalty of 125 million Dollar that was previously deposited into an escrow account, and will now be transferred to the U.S. Treasury.

The permanent ban on selling XRP to institutions continues.

The ruling issued in 2023 remains in effect: XRP sales on public platforms are not securities, while institutional sales are considered securities.

🔹 Market reaction:
The XRP currency jumped by more than 10% in 24 hours to reach 3.31 Dollar.

🔹 What is the importance of the decision?
This decision is considered a historic legal precedent that will impact the evaluation of regulatory bodies for digital currencies in the future.

)العملات_الرقمية #بتكوين # #White House Crypto Report# #SEC Crypto Project#
SOL5.36%
XRP2.43%
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Nara1234vip
· 08-09 21:01
thank you🥰🥰🥰
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Nara1234vip
· 08-09 21:01
Watching Closely 🔍
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Nara1234vip
· 08-09 21:01
Buy To Earn 💎
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Nara1234vip
· 08-09 21:01
HODL Tight 💪
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Nara1234vip
· 08-09 21:01
Ape In 🚀
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