The five-year legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple has finally come to an end. The two parties reached an agreement to mutually withdraw their appeals, putting a stop to the dispute that began in late 2020. This decision is not only far-reaching but is also seen as an important indicator of the regulatory direction for the Crypto Assets industry.
With the significant removal of legal barriers, the development prospects of XRP in the US market have become clearer. The market has responded positively, and the price of XRP has recently climbed to its highest point in seven years, with the potential to break through the key resistance level of $4.80.
In the settlement terms, Ripple agreed to pay a $125 million civil penalty, a figure that is far lower than the $2 billion initially sought by the SEC, undoubtedly a significant victory for Ripple. Previously, a key ruling in 2023 laid the groundwork for negotiations between the two parties. The ruling determined that Ripple's sale of XRP to institutional investors constituted a securities offering, but the programmatic sales on exchanges did not fall under the category of securities trading.
This settlement is not only significant for Ripple, but also provides valuable reference for the entire Crypto Assets industry. It reinforces the legal distinction between programmatic sales and institutional sales, which may impact other projects facing similar regulatory challenges.
With the resolution of the legal dispute, Ripple can now devote more energy to technological innovation and the expansion of the cross-border payment market. Especially in the US market, Ripple's business is expected to accelerate its development. This settlement also marks a gradual improvement in the regulatory environment of the Crypto Assets industry, paving the way for the healthy development of the entire industry.
In the future, we may see more institutional investors entering the Crypto Assets market, especially for digital assets like XRP that already have a clear legal status. This will not only benefit the market's stability and liquidity but will also drive the entire industry towards a more regulated and mature direction.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
5
Repost
Share
Comment
0/400
ForkMonger
· 08-10 22:19
sec got rekt... typical governance failure smh
Reply0
GateUser-beba108d
· 08-10 21:57
The SEC is doomed.
View OriginalReply0
TokenDustCollector
· 08-08 05:50
This wave of XRP is going to fly to the sky.
View OriginalReply0
RetiredMiner
· 08-08 05:48
Finally, I don't have to watch XRP big dump anymore.
The five-year legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple has finally come to an end. The two parties reached an agreement to mutually withdraw their appeals, putting a stop to the dispute that began in late 2020. This decision is not only far-reaching but is also seen as an important indicator of the regulatory direction for the Crypto Assets industry.
With the significant removal of legal barriers, the development prospects of XRP in the US market have become clearer. The market has responded positively, and the price of XRP has recently climbed to its highest point in seven years, with the potential to break through the key resistance level of $4.80.
In the settlement terms, Ripple agreed to pay a $125 million civil penalty, a figure that is far lower than the $2 billion initially sought by the SEC, undoubtedly a significant victory for Ripple. Previously, a key ruling in 2023 laid the groundwork for negotiations between the two parties. The ruling determined that Ripple's sale of XRP to institutional investors constituted a securities offering, but the programmatic sales on exchanges did not fall under the category of securities trading.
This settlement is not only significant for Ripple, but also provides valuable reference for the entire Crypto Assets industry. It reinforces the legal distinction between programmatic sales and institutional sales, which may impact other projects facing similar regulatory challenges.
With the resolution of the legal dispute, Ripple can now devote more energy to technological innovation and the expansion of the cross-border payment market. Especially in the US market, Ripple's business is expected to accelerate its development. This settlement also marks a gradual improvement in the regulatory environment of the Crypto Assets industry, paving the way for the healthy development of the entire industry.
In the future, we may see more institutional investors entering the Crypto Assets market, especially for digital assets like XRP that already have a clear legal status. This will not only benefit the market's stability and liquidity but will also drive the entire industry towards a more regulated and mature direction.