XRP received a significant short-term boost after Ripple secured a key victory in its legal battle with the Securities Exchange Commission (SEC).
A judge ordered Ripple to pay a $125 million civil penalty but ruled that the company is “permanently restrained and enjoined” from violating U.S. securities laws.
Importantly, following the August 7 court decision, there are no indications that XRP will be classified as a security, suggesting the long-standing legal dispute may be ending.
The SEC asked for $2B, and the Court reduced their demand by ~94% recognizing that they had overplayed their hand. We respect the Court’s decision and have clarity to continue growing our company.
This is a victory for Ripple, the industry and the rule of law. The SEC’s…
— Brad Garlinghouse (@bgarlinghouse) August 7, 2024
With XRP surging on the news, attention now turns to whether the token can sustain its rally and reclaim the $1 psychological level.
Technical indicators outli
We współpracy z: https://finbold.com/will-xrp-price-reach-1/
