Ripple Determined to End Legal Battle with SEC
Ripple and the US Securities and Exchange Commission (SEC) have been engaged in a long legal dispute, leading to speculation about a potential settlement. However, recent statements from Ripple’s President, Monica Long, suggest that the company is committed to fighting the SEC’s lawsuit.
Clarity on XRP’s Status
In a conversation with CNBC, Long emphasized that Judge Analisa Torres’ recent ruling has strengthened Ripple’s resolve. The ruling clarified that XRP is not considered a security, providing much-needed clarity for Ripple and allowing the company to expand globally.
The SEC Lawsuit
The SEC filed a lawsuit against Ripple in December 2020, accusing the company and its executives of violating securities regulations by promoting XRP without proper registration. Instead of seeking a settlement, Ripple chose to confront the regulatory giant in court.
Impact on Cryptocurrency Regulation
Judge Analisa Torres’ ruling in favor of Ripple has significant implications for the ongoing legal battle. It not only supports Ripple’s position but also establishes a precedent that could influence global cryptocurrency regulation.
Hot Take: Ripple Remains Resolute in Legal Battle Against SEC
Ripple’s President, Monica Long, has made it clear that the company will continue to fight the SEC’s lawsuit. With Judge Analisa Torres’ ruling affirming XRP’s non-security status, Ripple sees an opportunity to expand its operations worldwide. This legal battle has broader implications for cryptocurrency regulation and could shape how cryptocurrencies are regulated globally.
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