Ripple Determined to End Legal Battle with SEC
Ripple and the Unitedย States Securities and Exchange Commission (SEC) have been engaged in a long legal dispute, leading to speculation about a probable settlement. Nonetheless, recent statements from Rippleโs President, Monica Long, suggest that the company is committed to fighting the SECโs lawsuit.
Clarity on XRPโs Status
In a conversation with CNBC, Long emphasized that Judge Analisa Torresโ recent ruling has strengthened Rippleโs resolve. The ruling madeย itย clearย that XRPย Rippleย (XRP) is not considered a security, providing much- required 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 XRPย Rippleย (XRP) without proper registration. Instead of seeking a settlement, Ripple chose to confront the regulatory giant in court.
Impact on Digitalย currency Regulation
Judge Analisa Torresโ ruling in favor of Ripple has wholeย lotย of implications for the ongoing legal battle. It not only supports Rippleโs position but likewise establishes a precedent that could influence worldwide digitalย currency regulation.
Hot Take: Ripple Remains Resolute in Legal Battle Against SEC
Rippleโs President, Monica Long, has clarifiedย thatย the company will continue to fight the SECโs lawsuit. With Judge Analisa Torresโ ruling affirming XRPโs non-security status, Ripple sees aย chance to expand its operations worldwide. This legal battle has broader implications for digitalย currency regulation and could shape how digitalย currencies are regulated globally.
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