The court case is being held up by ripple themselves because they don’t want to pay a measly 100million.
If it keeps going it’s on them and no else.
XRP isn’t a security and they can continue business as usual in 30 days when Law is done for the entire industry
coinfeeds-bot on
tldr; U.S. District Judge Analisa Torres denied a joint motion by Ripple Labs and the SEC to expedite resolution in their legal battle, prolonging the case that began in 2020. The motion sought to dissolve a permanent injunction and reduce Ripple’s civil penalty, but both requests were denied. XRP’s market cap dropped by $2 billion in one hour following the decision, reflecting investor frustration and weakening on-chain activity. The judge emphasized that appeals must meet proper legal standards without shortcuts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
MichaelAischmann on
Clickbait headline, little to no substance.
Logical_Lemming on
Still overvalued by about $124 billion.
scoobysi on
Annoying but apparently it’s common nowadays for judges to not undo their previous rulings even if both parties agree.
Quick check/thoughts are it’ll either need punting up a court to undo or they’ll just both cut their losses both parties withdraw appeals and ripple still has to pay the original fine.
Nb none of this element relates to the ruling that xrp in and of itself is not a security
elpajarit0 on
xrp sucks
Ikki_The_Phoenix on
Ripple the trash stablecoin with a market cap at billions. Who the hell invest in Ripple anymore? Expecting like what? 5x or 10x? 💀😂
AGirlDad on
$2 BILLION DOLLARS!!!!! Oh you mean 1.75% of market cap… it lost way more just last week and bounce back
pink_tshirt on
Or like 3% price wise. It swings this way multiple times a day lol
IAMDATRUESTREPAIRMAN on
BOOM MASSIVE MOUTH-OPEN 😲YOU WONT BELIEVE THIS DAILY SHIT ON XRP POST
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Still holding my 15,267 xrp ✌️
zbcn will suffer a bigger drop with these news
Join us at r/ripplescam to make fun of this turd
Doesn’t mean anything.
The court case is being held up by ripple themselves because they don’t want to pay a measly 100million.
If it keeps going it’s on them and no else.
XRP isn’t a security and they can continue business as usual in 30 days when Law is done for the entire industry
tldr; U.S. District Judge Analisa Torres denied a joint motion by Ripple Labs and the SEC to expedite resolution in their legal battle, prolonging the case that began in 2020. The motion sought to dissolve a permanent injunction and reduce Ripple’s civil penalty, but both requests were denied. XRP’s market cap dropped by $2 billion in one hour following the decision, reflecting investor frustration and weakening on-chain activity. The judge emphasized that appeals must meet proper legal standards without shortcuts.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Clickbait headline, little to no substance.
Still overvalued by about $124 billion.
Annoying but apparently it’s common nowadays for judges to not undo their previous rulings even if both parties agree.
Quick check/thoughts are it’ll either need punting up a court to undo or they’ll just both cut their losses both parties withdraw appeals and ripple still has to pay the original fine.
Nb none of this element relates to the ruling that xrp in and of itself is not a security
xrp sucks
Ripple the trash stablecoin with a market cap at billions. Who the hell invest in Ripple anymore? Expecting like what? 5x or 10x? 💀😂
$2 BILLION DOLLARS!!!!! Oh you mean 1.75% of market cap… it lost way more just last week and bounce back
Or like 3% price wise. It swings this way multiple times a day lol
BOOM MASSIVE MOUTH-OPEN 😲YOU WONT BELIEVE THIS DAILY SHIT ON XRP POST