🚨JUST IN: @Ripple has agreed to drop its appeal against the @SECGov and pay $50M of the originally ordered $125M fine. The SEC will also ask Judge Torres to lift the ‘obey the law’ injunction she imposed on Ripple in addition to the fine.
Once all of this has been voted on by the Commission, and the court documents are in order, the @SECGov vs. @Ripple case will be over once and for all.
Ripple's $125M SEC Fine: Will It Vanish or be Reduced?!
Attorney Fred Rispoli shares his thoughts on what may happen to Ripple's $125 million fine following the SEC’s decision to drop its appeal in the XRP case.
Watch the full episode https://t.co/IU1gjJzJFD
#xrp#ripple#sec #law #thinkingcrypto @freddyriz@ThinkCryptoPod
👀Ripple has applied for a new trademark.
Downloadable software for custody of cryptocurrency, fiat currency, virtual currency, and digital currency; downloadable software for transmission and storage of cryptocurrency, fiat currency, virtual currency, and digital currency
https://t.co/QrKkEzpJiP
Something in Eleanor's post caught my attention:
"...case is in the process of wrapping up and could be over soon."
The only way the case could "be over" soon is if Ripple and the SEC reach a private settlement agreement (which would vary from the judgment), dismiss the appeal, and then simply never take the terms of the settlement agreement back to the trial court to be ratified.
This is possible but, assuming the injunction is the sticking point, the SEC would have to agree not to enforce the Court's injunction. I have a hard time believing the SEC would agree to THAT, but possibly it could agree to something more oblique such as providing Ripple a path to actually register sales of XRP to institutional investors (for example). Meaning, Ripple could get what it needs, while the SEC doesn't blatantly snub the Court's order. Meaning, t can be done.
This is the only way I can see the case resolving anytime in the next couple days or weeks which would apparently be consistent with what she is reporting: SETTLEMENT AGREEMENT.
(Warning: only read on if you want to hear me ramble.)
🚨 BREAKING:
JOURNALIST ELEANOR TERRET SAYS THAT „THE SEC VS. RIPPLE CASE IS IN THE PROCESS OF WRAPPING UP AND COULD BE OVER SOON!“ ⚖️
THE CASE COULD BE OVER ANY DAY FROM NOW! 🙌🏼 #XRP
🚨 BREAKING:
RIPPLE POSTED A NEW VIDEO ABOUT THEIR CUSTODY STRATEGY! 📽️🎞️
„FROM TOKENIZED RWAs TO STABLECOINS, INSTITUTIONS ARE EMBRACING CRYPTO!
RIPPLE CUSTODY DELIVERS ENTERPRISE-GRADE SECURITY FOR THE NEW FINANCIAL ERA!“ 💸 #XRP
@edward_farina Good morning Edo. Another beautiful day in Cyprus.
I have send you a massage, lets get together we need some guidance from you on staking or how to make some returns from our crypto. Please let me know we can treed you to lunch or diner.
@LeviRietveld Dude why are you talking about the 4th of March when you uploaded this is the 8th . How can any think you say can help the community this are old news. Can you help me understated. Thank you.