The ongoing case between SEC and Ripple continues to capture attention, even as many other lawsuits within the cryptocurrency realm conclude. Judge Torres' ruling has sparked controversy.
Latest Updates on Ripple Case
Ripple and the U.S. Securities and Exchange Commission (SEC) filed a motion to remove the injunction measure, yet Judge Torres denied this motion.
Court's Decision and Its Implications
The judge argued her decision by stating that the SEC previously asserted that removing the injunction would allow Ripple to continue violating the law. She noted that nothing has changed and that the parties are not acting differently. While some argued that public benefit would result from a 60% reduction in civil penalties and lifting the permanent injunction, these claims were dismissed.
Possible Resolutions to the Conflict
It remains uncertain what happens next. Ripple and the SEC may withdraw their appeals or choose to embark on a new appeal. Alternatively, Ripple could opt to settle by paying the $200 million penalty, potentially ending this drawn-out legal saga.
The situation around the Ripple and SEC case remains tense, and the further actions taken by both sides may significantly change the course of events in the cryptocurrency industry.
