XRP, the world’s third largest cryptocurrency by market cap, rose for the first time for the first time by $ 3. Against Ripple Labs.
Cointelegraph data shown that XRP (XRP) token tokens on Thursday after increasing over 4.5% above $ 3 psychological mark on Thursday.
The investor’s confidence was provoked by the increasing expectations of regulator clarity and dismissal of safe.
A recent post by lawyer Bill Morgan on X predicted that the first May vote to dismiss the appeal before the October 15 deadline.
“The appeals may be dismissed, and not to ask the appeal on the appeal status, not to ask before the August 15 deadline to report on the appeal position.”
Morgan said Ripple had already agreed to dismiss his appeal, and the two sides had earlier signed a condensed settlement agreement that could end the case. However, the conditions were not fulfilled at that time.
Nevertheless, the parties may request an expansion from the court, although Morgan said it is “unlikely.”
SEC and Ripple are due to filing a joint report with the US Court of appeals for the second 15.
If approved, the case will be reopened in the district counter for the final authority.
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Sea vs Ripple Labs: The longest legal battle in Crypto history
Since December 2020, the Secus Case against Ripple Labs mark the most high-profile legal dispute in Crypto history. The regulatory agency sued Ripple, alleging that the firm raised $ 1.3 billion through the sale of unregistered XRP securities.
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In July 2023, Judge Analyssa Torres ruled that the XRP was not second in retail sales, but formed one to establish investors in the institute, and put $ 125 million on Ripple in August 2024.
On June 12, Ripple and the second A joint motion, to pay a $ 125 million hold in Escrow accounts, to pay for the settlement costs ordered by the court, transferred $ 50 million to another another and the remaining $ 75 million shifted back to the return, pending court approval.
https://www.youtube.com/watch?v=ry9mi57pbjs
magazine: XRP win a crypto legal example leaves a ‘bad actor’ with a legal example
