Ripple-SEC Lawsuit Ends… XRP Price Up 27% on Virtually ‘Ripple Victory’

Ripple’s legal tussle with the SEC has sparked curiosity about the potential effects of recent court rulings on its On-Demand Liquidity (ODL) sales. As the case unfolds, Attorney Jeremy Hogan offers valuable perspectives, indicating that Ripple’s activities are likely to remain unaffected. Explore Hogan’s key points on Ripple’s resilience in facing these legal obstacles, shedding light on the company’s strategy to overcome the challenges posed by the ongoing litigation.

• International Sales Remain Unaffected
• Judicial Rulings and SEC Challenges
• Ripple Vs SEC Update

International Sales Remain Unaffected

In a recent tweet, Hogan emphasized that Ripple’s XRP and ODL sales predominantly take place beyond U.S. jurisdiction, thus remaining unaffected by the court ruling. Ripple can seamlessly persist with these global transactions uninterrupted. Moreover, Hogan highlighted that Ripple is authorized to sell XRP to U.S. institutions, thanks to specific exemptions from registration. With multiple exemptions at hand, Ripple can conveniently adhere to regulatory standards in its business dealings.

Judicial Rulings and SEC Challenges

The Judge Analisa Torres’s ruling did not give the SEC the precise wording it wanted on ODL sales. However, Ripple appears well-prepared to continue its operations with minimal disturbances, according to Hogan’s analysis. If the SEC deems Ripple to have breached the court order, it must provide evidence in a contempt hearing, opening the door for Ripple to argue that holding XRP briefly doesn’t promise profits, a perspective Hogan finds convincing. Ripple’s legal team has adapted its sales methods after the summary judgment, and Hogan indicates that compliance concerns would arise only if the SEC submits a contempt motion, a situation Ripple is ready to handle. Overall, Ripple seems poised to persist with its ODL sales, despite any challenges, ensuring smooth operations.

Ripple Vs SEC Update

Ripple recently secured a favorable court ruling in its legal dispute with the SEC. In a significant victory for Ripple, the court determined that XRP, Ripple’s native token, does not constitute a security. Nonetheless, Ripple must still pay a civil penalty of $125 million, a notable reduction from the SEC’s initial demand of $2 billion. Judge Analisa Torres clarified that although some of Ripple’s XRP sales amounted to unregistered securities offerings, the token XRP itself does not fall under the security classification. The market responded positively to the ruling, with XRP’s price jumping approximately 27%, settling at $0.63. This surge reflects investors’ renewed confidence in Ripple and the XRP token, bolstered by the court’s decision.