HomeNewsRipple Lawsuits Could Hurt XRP Holders, Expert Analysis Suggests

Ripple Lawsuits Could Hurt XRP Holders, Expert Analysis Suggests

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  • The SEC could appeal a decision favorable to Ripple, potentially imposing a fine in excess of $2 billion against the company.
  • The relationship between Ripple and XRP is under scrutiny because of its legal battle with the Securities and Exchange Commission.

According to a post by Gasparino on social network X, XRP investors could face financial losses due to Ripple’s uncertain victory in its legal battle with the SEC.

Ripple’s inability to resolve its legal issues with the SEC underpins Gasparino’s pessimistic view. Uncertainties persist regarding the legal issues that have influenced XRP’s market performance.

Read more: Ripple CTO Explains XRP Price Struggles Amid XRPL Exit Exodus

The legal situation for Ripple changed after a decision from U.S. District Judge Analisa Torres. She found that Ripple’s institutional sales were against the law but also said that selling XRP on the secondary market didn’t count as selling investment contracts. This mixed result led to a short-term rise in the price of XRP in July.

Gasparino believes that XRP will remain under the SEC’s domain

XRP is under scrutiny as the SEC plans to challenge Judge Torres’ ruling, a move reflective of its wider strategy on cryptocurrency oversight. This intensified regulatory effort targets not just Ripple but also extends to Ethereum.

Related: Ripple’s CTO Sets Record Straight: No Concealment of XRP Sales

In addition to the potential appeal, Ripple could be liable for a penalty in excess of $2 billion stemming from the SEC’s most recent moves. Such financial pressure could significantly impact Ripple’s business and the market value of XRP. With legal developments ongoing, investors remain vigilant to the outcome of this legal saga for the future of Bitcoin.

The current price of XRP (XRP-USD) is $0.619526, experiencing a slight increase of $0.000199 or 0.032068%.

Over the day’s range, XRP has fluctuated between $0.610495 and $0.624887, and over the past 52 weeks, it has fluctuated between $0.412962 and $0.887511.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628