Ripple Vs. SEC Battle Far From Over As Regulator Opposes Court’s Decision
The lawsuit between Ripple and the SEC remains unresolved, with reports indicating the SEC may appeal the July 2023 ruling by Judge Analisa Torres, which stated that Ripple's programmatic sales of XRP are not securities. A former SEC lawyer suggested that the regulator believes the decision is incorrect and should be challenged. The deadline for the SEC to file an appeal is October 7. In July 2023, Ripple celebrated a partial victory, but a subsequent court ruling in August 2024 imposed a $125 million penalty on Ripple and prohibited future violations of securities law. Analyst 'JackTheRippler' predicts that October will be significant for Ripple and XRP holders, forecasting no SEC appeal and potential new all-time highs for XRP, currently trading at $0.6.
