Members of the Ripple community expressed displeasure with the regarding the Ripple case. Commenting on the proposed 50 million dollar fine and the conclusion of the deal, one user asked about the delays in agreeing. Some asserted that the SEC has exhibited inconsistency in its treatment of crypto projects that use other crypto assets, citing the authorization of new Bitcoin and Ethereum-based ETPs at the same time, while the Ripple case has not yet been authorized.
Ripple intends to drop its appeal, and court records indicate that it would be the case with the SEC as well. Nevertheless, the agency has yet to give an official statement. By August 15, a deadline imposed by a court, the SEC is expected to report on the status of the Ripple case.
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