Investors are concerned that the US SEC might appeal the programmatic sales of the XRP verdict.
The US election and slowing regulatory crackdown are factors to consider.
This week, Judge Analisa Torres delivered one of the most important legal verdicts in the digital currency ecosystem involving XRP. The ruling, which mandated Ripple Labs to pay a $125 million fine to the US SEC, caused the coin’s initial price growth. However, uncertainties around the next steps for the markets regulator have left investors wondering what to expect next.
Short-Term Victory Burst for Ripple and XRP Investors?
Since December 2020, when former SEC Chair Jay Clayton filed the lawsuit against Ripple Labs, XRP investors have looked forward to an end to the case. Despite the summary judgment coming about a year ago, this week’s remedy ruling gave investors unique closure.
The SEC and Ripple CEO Brad Garlinghouse have reacted to the $125 million payment. In a statement shared with Fox Business Journalist
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