The enduring Ripple-SEC suit is inching towards its last phases, with extreme speculation about a prospective appeal from the U.S. SEC. The case, which hasactually mesmerized the crypto world, might be far from over, as specialists forecast a 75% opportunity of the SEC attractive particular judgments.
The anticipation has the XRP neighborhood buzzing, with the possibility of an extended legal fight looming. Following the reports, XRP is trading at $0.5866, with its volume down 11% to $928.86 million. It hit a 24-hour high of $0.5908, while XRP Futures Open Interest increased 1%, signaling favorable market belief.
🚨 #Ripple simply carriedout a huge transfer of 200 million #XRP, valued at roughly $117 million!
Could this be a indication that the SEC is lastly support down? The timing is definitely intriguing, with the SEC’s choice on whether to appeal the Ripple case looming. pic.twitter.com/ODzaEb7ZL3
— Ledger Man 🎩 (@strivex_) September 25, 2024
The Appeal Melodrama Goes On…
Last month, Judge Torres handed Ripple a partial win, purchasing the business to pay a $125 million charge—significantly less than the SEC’s preliminary $2 billion need. However, quickly after the ruling, reports started swirling about a prospective SEC appeal. Ripple, too, may re-appeal if the SEC presses forward, perhaps dragging the case well into 2024.
A previous SEC attorney, James Farrell, approximates a 75% possibility