Ripple triumphs (again!): Crypto XRP boosted by 5%

The Ripple (XRP) VS SEC trial is an old case. And yet, it still interests the crypto community just as much. The reason is simple: the outcome of this legal debacle will be decisive for the crypto industry. And in fact, some news could permanently change the situation. In any case, it portends a victory for Ripple (XRP) against the SEC.

Ripple (XRP)/SEC case: Court rejects SEC appeal request

On July 13, Judge Analisa Torres ruled in favor of Ripple in the case between the crypto company and the SEC. According to her, XRP is not a security. In a verdict rendered on October 3, Judge Torres upholds her decision.

“The SEC Failed to Prove Substantial Legal Violations by Ripple (XRP)”has she declared.

This clearly means that the federal court has just rejected the SEC’s appeal request. A decision welcomed as another victory for Ripple as well as for the XRP community.

News that further consolidates the price of Ripple’s crypto XRP

This new legal victory consolidates Ripple’s position in the crypto market. The proof, XRP price increased by 5% just hours after the announcement.

This increase connotes a sign of newfound confidence in this cryptocurrency. But not only ! It also shows that Ripple is capable of thriving despite regulatory adversity. This added a new layer of credibility to the crypto business. Above all, the price increase has revived optimism about the future of XRP on global markets.

Nothing is lost yet for the SEC

Despite this apparent defeat, the legal battle between the SEC and Ripple (XRP) is far from over. THE main trial will begin in April 2024. We also know that it will be up to Judge Sarah Netburn to decide the matter definitively. The SEC will therefore (again!) have the opportunity to present its case in court.

While Ripple (XRP) celebrates this victory, the crypto industry remains on alert. The community is looking forward to the 2024 trial, which could redefine crypto regulations. To be continued…