SEC vs. Ripple Ruling Sends XRP Lower as Legal Uncertainty Builds The fallout from Thursday’s court ruling in the ongoing
SEC vs. Ripple Ruling Sends XRP Lower as Legal Uncertainty Builds
The fallout from Thursday’s court ruling in the ongoing SEC vs. Ripple case left XRP under pressure on Friday, May 16. Judge Analisa Torres surprised the crypto market, denying the SEC and Ripple’s request for an indicative ruling on lifting the injunction prohibiting XRP sales to institutional investors. The motion also requested a lower penalty for violating US securities laws. The ruling caught the crypto market off guard and reignited legal uncertainty.
Notably, the power to dictate next steps now lies with the court, not the Trump administration or the SEC. This twist adds a new layer of complexity to an already prolonged legal saga.
The fallout from Thursday’s court ruling in the ongoing SEC vs. Ripple case left XRP under pressure on Friday, May 16. Judge Analisa Torres surprised the crypto market, denying the SEC and Ripple’s request for an indicative ruling on lifting the injunction prohibiting XRP sales to institutional investors. The motion also requested a lower penalty for violating US securities laws. The ruling caught the crypto market off guard and reignited legal uncertainty.
Notably, the power to dictate next steps now lies with the court, not the Trump administration or the SEC. This twist adds a new layer of complexity to an already prolonged legal saga.
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SEC vs. Ripple Ruling Sends XRP Lower as Legal Uncertainty Builds
The fallout from Thursday’s court ruling in the ongoing SEC vs. Ripple case left XRP under pressure on Friday, May 16. Judge Analisa Torres surprised the crypto market, denying the SEC and Ripple’s request for an indicative ruling on lifting the injunction prohibiting XRP sales to institutional investors. The motion also requested a lower penalty for violating US securities laws. The ruling caught the crypto market off guard and reignited legal uncertainty.
Notably, the power to dictate next steps now lies with the court, not the Trump administration or the SEC. This twist adds a new layer of complexity to an already prolonged legal saga.📱 Scan this QR to open paste
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