Ripple and the U.S. SEC might see a resolution ruling this week.
XRP price could record a decisive move depending on the ruling.
This week, the final judgment of the ongoing legal battle between the US Securities and Exchange Commission (SEC) is expected. This expectation comes after the dismissal of potential settlement rumors.
What the Final Judgment Might Look Like
The nearly four-year legal case between Ripple and the SEC could be resolved this week, as Judge Analisa Torres is mulling a judgment. Torres has a critical decision to determine penalties and injunctions as related to the case. In DEC 2020, the SEC accused Ripple of selling XRP as unregistered securities on its platform. Ripple, however, contends that the XRP is a digital currency, similar to Bitcoin (BTC).
The case continued to progress, with Judge Torres giving a partial ruling in favor of Ripple, classifying XRP sales on exchanges as non-security. However, XRP trading by institutional investors constituted securiti
