{"id":160769,"date":"2023-09-22T13:55:31","date_gmt":"2023-09-22T08:25:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=160769"},"modified":"2023-09-22T13:55:31","modified_gmt":"2023-09-22T08:25:31","slug":"ripple-v-sec-lawsuit-update-sep-22-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ripple-v-sec-lawsuit-update-sep-22-crypto-news\/","title":{"rendered":"Ripple v. SEC Lawsuit Update Sep 22 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span data-preserver-spaces=\"true\">The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) remains a trend in the crypto space. Both entities have fired multiple shots at each other in the past three years, with the crypto company currently having the upper hand.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In this article, we will observe the most recent developments around the case and how its eventual outcome could affect the price of XRP and the entire cryptocurrency market.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Ripple v. SEC War is not Over<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The dispute between the organizations started at the end of 2020 when the SEC sued Ripple, accusing the latter\u2019s management team of breaching laws and using the alleged unregistered security XRP to raise funds.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The legal battle has passed through numerous peaking points over the last few years. However, the most important moment of the clash appears to be Ripple\u2019s partial win in mid-July this year. Back then, a US Judge <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/xrp-price-explodes-16-as-judge-rules-in-favor-of-ripple-in-sec-case\/\" data-wpel-link=\"internal\">ruled<\/a> that the firm\u2019s sale of XRP didn\u2019t constitute an offer of investment contracts.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This resulted in a substantial price increase for the token, which spiked to approximately $0.84 (a valuation last seen in March 2022).<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"BREAKING: XRP PRICE EXPLODES as RIPPLE WINS HUGE VICTORY AGAINST SEC | CRYPTO WIN!\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/pUTDJAy0Kxs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">Nonetheless, the regulator was unhappy (to say the least) with the court\u2019s decision and formally <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/the-regulator-strikes-back-sec-files-to-appeal-ripples-partial-court-victory\/\" data-wpel-link=\"internal\">appealed<\/a> it earlier this month. Some analysts, including KALEO, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/will-ripple-xrp-win-against-the-sec-popular-trader-is-betting-on-it\/\" data-wpel-link=\"internal\">believe<\/a> the request will hit a dead end, ultimately triggering a fresh spike in XRP\u2019s price.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Ripple\u2019s Costs are Growing<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It is worth mentioning that the legal battle with the SEC has caused severe financial damage to Ripple. As\u00a0<\/span><em><span data-preserver-spaces=\"true\">CryptoPotato<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0recently\u00a0<\/span><a rel=\"nofollow noopener\" target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-xrp-may-have-won-a-partial-win-against-the-sec-but-at-what-cost\/\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">, the blockchain enterprise has so far spent around $200 million to persist in the fight with the watchdog.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As in every war, though, \u201cthe end justifies the means,\u201d as Ripple\u2019s potential decisive victory could greatly benefit the company\u2019s future advancement. It could also prompt overall excitement among crypto investors and a possible market revival.<\/span><\/p>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0;clear: both\">\n<div><span style=\"font-size:11px;color: gray\">SPECIAL OFFER (Sponsored)<\/span><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The legal battle between Ripple and the United States Securities and Exchange Commission (SEC) remains a trend in the crypto space. Both entities have fired multiple shots at each other in the past three years, with the crypto company currently having the upper hand. In this article, we will observe the most recent developments around [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":160770,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-160769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/160769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=160769"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/160769\/revisions"}],"predecessor-version":[{"id":160776,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/160769\/revisions\/160776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/160770"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=160769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=160769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=160769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}