$XRP TOWARDS VICTORY? GOING

BTC halving is in April, but so is Xrp most

crucial court hearing :

yea BTC dipped to 62k+ today ...but Xrp is

trending , here is why and what to note:

The SEC's lawsuit against Ripple Labs, often referred to as the XRP court case, is still ongoing but has reached a key stage. Here's a breakdown:

The Issue: The SEC alleges Ripple sold XRP as an unregistered security, raising over $1.3 billion. Ripple argues XRP is a utility and not a security.

July 2023 Ruling: A partial victory for Ripple. The court found XRP sales on exchanges likely weren't securities, but sales to institutional investors might be.

Current Stage:

Both parties are submitting briefs on "remedies," which means arguments for penalties against Ripple (if any).

The deadline for these briefs is April 29, 2024.

Judge Torres will then decide on the appropriate penalties, likely after May 6th.

This case has major implications for the crypto industry as it clarifies how regulators view cryptocurrencies.

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#HotTrends #SLERF #BOME #ETHFI⁩ #xrp