Crypto News

This development could potentially have a significant impact on the outcome of the case and is worth keeping an eye on for anyone following the ongoing legal battle. Settlement with Terraform Labs: The settlement between the SEC and Terraform Labs involved allegations of the company conducting an unregistered securities offering through its token, LUNA. The company agreed to pay a $250,000 penalty and register the token as a security to resolve the matter. This settlement could serve as a precedent for how the SEC approaches similar cases, and Ripple's legal team is likely to use it as a defense in their own case. Impact on Ripple's case: Ripple has long argued that their XRP token is not a security, but rather a digital asset similar to Bitcoin and Ethereum. However, the SEC has maintained that XRP is a security and that Ripple conducted an unregistered securities offering with the token. The settlement with Terraform Labs could potentially weaken the SEC's cas...