XRP gained 5% after the SEC's appeal against Ripple was rejected. The decision was made in favor of Ripple in July. The application was denied because the SEC could not prove significant disagreement. The legal battle continues with a hearing scheduled for April 2024, and Ripple has spent more than $200 million in legal fees. 🚀📈
Ripple's legal battle with the SEC has become the largest lawsuit in crypto history so far and began in late 2020. Crypto projects that often go head-to-head with the SEC end in settlement, but Ripple executives Brad Garlinghouse and Chris Larsen said they plan to continue fighting the SEC.
Ripple's legal battle with the SEC has become the largest lawsuit in crypto history so far and began in late 2020. Crypto projects that often go head-to-head with the SEC end in settlement, but Ripple executives Brad Garlinghouse and Chris Larsen said they plan to continue fighting the SEC.