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Ripple continues to fight in court with the SEC
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Ripple continues to fight in court with the SEC

Feb 14, 2024

The Ripple company has still not been able to achieve a final victory in its legal battle against the United States Securities and Exchange Commission (SEC), despite extensive discussions and expectations in the cryptocurrency community since December 2021. In the latest statement by Jesse Heinz, founder of the crowdfunding platform Seedstarter, some aspects of the case were clarified, including common rumors and expectations regarding the outcome of the legal proceedings.

Heinz is critical of the widespread rumors in the community, emphasizing that any assumptions about the outcome of the case before an official announcement are unreliable and may negatively impact ongoing negotiations. He also pointed out that Ripple cannot be considered a complete winner, as the court decision only granted the company a partial victory, leaving other issues unresolved.

An important point is that the court recognized that the XRP token cannot always be considered a security, opening up space for further discussion of XRP's status. However, despite this, the SEC has appealed the court's decision, leaving the outcome of the case uncertain.

The Ripple vs. SEC case has had a significant impact on the market value of XRP, causing price volatility. Nevertheless, XRP has managed to maintain its position among the leading cryptocurrencies by market capitalization, indicating strong support from investors and the community despite legal uncertainties.

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