The Securities and Exchange Commission (SEC) has until October 6 to decide whether to appeal the court's ruling in the Ripple case. The court ordered Ripple to pay a $125 million civil penalty but rejected the SEC's request for a $2 billion penalty. XRP's price has been rising since the ruling, gaining over 21%. Speculation is divided on whether the SEC will appeal, with some believing they may choose not to appeal considering a potential change in administration in November. Ripple's XRP token is currently trading at $0.60224 and the crypto community is eagerly awaiting the SEC's decision and its potential impact on XRP's price and position in the market.
- Content Editor ( coinpedia.org )
- 2024-09-28
Countdown to SEC Appeal: What It Means for Ripple and XRP