It goes without saying that the dispute between the United States Securities and Exchange Commission and Ripple Labs over whether XRP should be constituted as a security or not is one that will likely have consequences for the entire industry.
The case has been going on for many years now, and it’s currently in its trial phase.
Here are the most important developments as of late.
Trouble at the SEC?
As CryptoPotato recently reported, the Commission’s Chief of the Crypto Asset and Cyber Unit – David Hirsh – recently resigned.
Hirsh announced his resignation on LinkedIn. He had more than nine years of service for the SEC. He also denied rumors that he would be working for the crypto initiative called pump.fun, saying that he will be dedicating some time to his family before entering the new chapter of his career.
This happened days after the SEC lowered its demanded penalty from a whopping $2 billion to $102.6 million.
This came in response to Ripple’s legal team, which dema
We współpracy z: https://cryptopotato.com/ripple-v-sec-lawsuit-update-june-24/
