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Are you keeping up with the latest developments in the stock market? At Extreme Investor Network, we provide you with unique, valuable information that sets us apart from other sites. Today, we’re diving into the SEC vs. Ripple case and how a recent court ruling could give Ripple an edge in the ongoing legal battle.
XRP, the cryptocurrency at the center of the SEC v Ripple case, is facing its third successive weekly loss. Last week, XRP was down 8.08% to $0.5464, underperforming the broader crypto market. Investors are closely watching the court ruling on the penalty Ripple must pay for breaching securities laws.
In March, the SEC filed its opening brief seeking a $2 billion disgorgement from Ripple. However, a recent ruling in the SEC vs. Govil case could impact the outcome of the Ripple case. The 2nd Circuit held that the SEC cannot request a hefty disgorgement without proving actual financial harm to investors.
As Ripple prepares to file its opposition brief by April 22, the court ruling in the SEC vs. Govil case could give Ripple leverage in arguing for a less severe penalty. Stay tuned as we continue to provide you with in-depth analysis and insights into the ever-evolving world of the stock market and trading.
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