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{"id":6378,"date":"2023-10-05T09:33:01","date_gmt":"2023-10-05T09:33:01","guid":{"rendered":"https:\/\/lunu.io\/news\/?p=6378"},"modified":"2023-10-05T09:33:03","modified_gmt":"2023-10-05T09:33:03","slug":"ripple-triumphs-over-sec-whats-next","status":"publish","type":"post","link":"https:\/\/lunu.io\/news\/ripple-triumphs-over-sec-whats-next\/","title":{"rendered":"Ripple Triumphs Over SEC: What’s Next?"},"content":{"rendered":"\nRipple recently secured another win against the SEC in court. The news came after Judge Analisa Torres denied the SEC’s motion to appeal the case due to its failure to provide sufficient evidence. This decision boosted Ripple’s morale, leading to a surge in XRP’s value by over 5%. However, the XRP community might be celebrating prematurely, as this prolonged legal dispute is far from its conclusion. Judge Torres has scheduled the trial for April 23, 2024, and both parties are required to submit all necessary pre-trial documents by December 4, 2023. But there’s a twist: the SEC can appeal the case once the trial concludes, a possibility that remains high given the standard litigation process.<\/p>\n\n\n\n
The Ripple vs. SEC case has been a topic of intense debate for approximately three years. The SEC accused Ripple of selling unregistered securities, leading to widespread discussions about what defines a security. The SEC’s unexpected challenges in this case might be the reason behind its aggressive stance towards the cryptocurrency industry. Gary Gensler, the agency’s Chairman, even went as far as labeling the industry as being riddled with “hucksters.” The outcome of this case holds immense significance for XRP and the broader crypto community. Whether the verdict is in favor or against Ripple, it will set a precedent for what the SEC can classify as a security, potentially reshaping the regulatory framework.<\/p>\n\n\n\n