If Gensler and the SEC were rational, they would have moved on from this case long ago. It certainly hasn’t protected investors and instead has damaged the credibility and reputation of the SEC.
Somehow, they still haven't gotten the message: they lost on everything that matters. Ripple, the crypto industry, and the rule of law have already prevailed.
While we'll fight in court for as long as we need, let's be clear: XRP’s status as a non-security is the law of the land today - and that does not change even in the face of this misguided - and infuriating - appeal.
(Remember, when the SEC tried unsuccessfully to file an “interlocutory appeal” they made clear they had no intention of challenging XRP’s status as a non-security.)
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Massive price skyrocketing expected for CTF token! #XRPL top DeFi token is about to launch on second exchange!
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It has been 3 hours since the news broke that the SEC is appealing the ruling in the Ripple lawsuit.
The price of $XRP is only down 2 cents from when the news broke (56 cents to 54 cents).
There is no mass hysteria over this, and there shouldn't be. I think this shows most $XRP holders understand this development does not in any shape, way, or form, harm $XRP.
$XRP has regulatory clarity, and even if the SEC wins on appeal, it will *NOT* impact secondary market transactions at all.
We are fine. Yeah a few holders clearly got scared and sold, but they're in the minority. If we were gonna tank 75% like happened in December 2020, I think we would have seen a MUCH more aggressive move to the downside by now.
Maybe $XRP price will go a little lower, but even if that happens, who cares? It doesn't matter. This clearly will not negatively impact how $XRP performs this market cycle.
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Many remote schools and hospitals depend on SpaceX’s Starlink!
SpaceX will provide Internet service to users in Brazil for free until this matter is resolved, as we cannot receive payment, but don’t want to cut anyone off.
Inflation is caused by the Federal government spending more than it earns, because they just print more money to make up the difference.
To solve inflation, reduce wasteful government spending. Your tax dollars should be spent well, not poorly.
The end of 2024 is going to be written about in history books:
Aug: End of SEC v #Ripple ✅️
Sep: Launch of R-USD stablecoin
Oct: X launches Payments & offers #XRP
Nov: Trump wins & gives #crypto regulatory clarity
The #XRPLCommunity will be eating green candles for breakfast!
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 headwinds against the whole of the XRP community are gone.
🚨BREAKING: Judge Torres has ruled that @Ripple shall pay $125M in civil penalties and stop any further violations of securities laws, putting an end to the nearly four-year legal battle it fought with the @SECGov.
The SEC had initially requested a penalty of $2B from Ripple.