XRP News Today: SEC vs Ripple Case Update, Implications for XRP-Spot ETFs

Nonetheless, investors were likely aware of impending court rulings that could harm the US crypto market.

In the ongoing SEC vs. Ripple case, the penalty for violating US securities laws is unlikely to affect the US crypto market. However, SEC plans to appeal against programmatic sales of XRP decision could create tensions in the market. If the US appeals courts overturn the ruling on programmatic sales of XRP, the SEC will have a stronger basis for regulating through enforcement.

Ripple expects a court ruling in the coming months, meaning the SEC could appeal before the US presidential election.

Beyond the Ripple case, the SEC vs. Coinbase (PIECE OF MONEY) this case could have larger ramifications for the broader crypto market. Investors await court ruling on Coinbase Request for interlocutory appeal.

If Judge Katherine Failla grants the motion for interlocutory appeal, the courts will review Coinbase’s motion to dismiss (BAT). Coinbase filed the MTD in October 2023, arguing that the SEC lacked the legal authority to regulate crypto exchanges.

A Coinbase victory against the SEC could end the SEC’s plans to appeal the ruling on XRP programmatic sales.

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