TL;DR
Ripple’s legal battle with the SEC continues, with key rulings in August and ongoing appeals.
Speculation surrounds Ripple’s Swell event in Miami, with potential major announcements that could impact XRP’s price.
Recent Updates and Possible Developments
Despite the numerous court rulings in the past several months, the legal battle between Ripple and the US Securities and Exchange Commission (SEC) goes on.
One of the most important happened at the start of August when Judge Torres determined that the sales of XRP on secondary markets to retail investors did not constitute securities transactions. At the same time, though, she ordered Ripple to pay a $125 million fine for violating certain rules.
The company seemed pleased with the penalty, which represented just a fraction of the $2 billion the SEC initially requested. For its part, the regulator appealed a 2023 verdict set by Judge Torres (back then, she once again ruled that secondary sales of XRP did not constitute s
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