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Showing posts with the label #cryptocurrency #regulation #investing #blockchain #digitalcurrency

Ripple CLO Says US SEC Has Abandoned Its Absurd Demand for $2B

Power. What Happened? The latest filing from the SEC has sparked a fierce debate on social media, with #XRPArmy and #Ripple hashtags trending on Twitter. The regulator argued that Ripple's motion to dismiss the case should be denied, citing new evidence and arguments. The Ripple Response In response, Ripple's legal team stated that the SEC's latest filing is "a desperate attempt to salvage their weak case." They also highlighted the lack of clarity from the regulator regarding their stance on cryptocurrencies, with many questioning the SEC's definition of a security. The Impact on XRP As the legal battle continues, the price of XRP has been volatile, with fluctuations based on the latest developments in the case. Many investors and supporters of Ripple have shown their unwavering support for the company, while others have expressed concerns about the impact of the lawsuit on the future of XRP. The Ripple Community's Response The Ripple communi...