$XRP $BNB Ripple vs SEC Case May End on August 15 ā What XRP Holders Need to Know
The long-running legal battle between Ripple and the U.S. SEC, ongoing since 2020, could finally conclude on August 15.
Key Points:
Former SEC official Marc Fagel clarified that neither Ripple nor the SEC has formally withdrawn its appeal yet.
The SEC must first approve the withdrawal internally before filing it with the court.
Once approved, both sides will submit official notices confirming the end of the case.
Ripple has already placed the $125 million penalty in escrow, which will be transferred to the U.S. Treasury after dismissal is finalized.
The penalty cannot be paid in XRP unless a new court order is issued ā which is unlikely.
Conclusion: If the SEC drops its appeal, Ripple is expected to respond quickly. This would officially end one of the most closely followed legal battles in crypto history.
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Why Did Ripple Lock 700M XRP Worth $2B? ā A Brief Summary
Ripple recently locked 700 million XRP (worth over $2 billion) into escrow in three quick transactions. While this might look like their usual monthly cycle, the timing and structure suggest a deeper strategy.
Ripple usually unlocks 1 billion XRP monthly and re-locks most of it. However, this time the activity shifted to August 2, hinting at a possible pattern change.
Meanwhile, XRPās price dipped below $3 after the U.S. Fed paused rate cuts. But beyond the short-term volatility, Ripple is building something bigger ā positioning XRP to power real-world finance.
With new acquisitions and upcoming infrastructure like Ripple Bank, XRP could soon play a central role in tokenizing global assets and settling trillions in value across traditional finance. $XRP $SOL
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