The Legal Director of Ripple announced today that his XRP trial with the SEC approached the final legal phase. The SEC will keep $ 50 million compared to the fine of 125 million previous dollars and return the rest to Ripple.
More importantly, Ripple will probably be able to offer XRP tokens to institutional investors, which could have an impact on market liquidity and FNB approval ratings.
A last chapter with wave vs dry
The Ripple VS dry trial was one of the most important crypto application of Gary Gensler’s most important crypto as president, and the latest questions are answered.
Last week, the Commission officially abandoned its trial, marking the end of an era. Now, the legal director of Ripple gives “what should be [his] Last update never ”on the case.
“Last week, the SEC agreed to delete its unconditional call. Ripple has now agreed to lower his trick. The SEC will keep $ 50 million in the fine of $ 125 million (already in a sequestration of interest in cash), the balance returned to Ripple., He also asked the court to raise the standard injunction which was imposed earlier at the request of the dry, “he said.
More specifically, this cross trick contains two crucial components. First, this implies the fine of $ 125 million. The initial expectation of the community was that the Commission would lose the entirety of this fine. However, it seems that the two parties have entered into an agreement on this issue.
Another critical decision in the 2024 decision was that Ripple could not sell XRP to institutional investors. The cabinet would have negotiated with the dry to abandon this mandate for weeks.
According to reports, this decision is also canceled as part of the agreement. In the long term, raised restrictions can have a much more important impact. Now that the SEC will allow Ripple Sell XRP to institutional investors, it could bring significant cash, partnership opportunities, etc.
In particular, this decision can also have an impact on XRP status as security or goods. The SEC already envisaged Ripple’s arguments to declare XRP a commodity, and this decision can add an additional weight to the argument. This would also likely improve the approval ratings of the ETF XRP.
Meanwhile, XRP was largely at a price.
During last week, the XRP community expressed certain concerns concerning the volume of extremely low trading on the network. However, the new Ripple’s new progress can create many opportunities to promote long -term bullish feeling.
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