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When it comes to the world of stocks, trading, and Wall Street, staying informed is crucial. That’s why we are here to provide you with exclusive insights and analysis that you won’t find anywhere else. Let’s dive into the latest developments in the SEC vs. Ripple case and how it’s impacting the stock market.
SEC vs. Ripple: Motion for Interlocutory Appeal
After the recent ruling in favor of Ripple, there has been speculation about a possible SEC appeal. Ripple’s General Counsel, Stuart Alderoty, has expressed confidence in the finality of the order and the clarity it provides for Ripple’s future. Despite this, the SEC has the option to pursue an appeal within 60 days. The uncertainty surrounding a potential appeal could affect XRP demand in the market.
Court Rulings and XRP Price Trends
Following the court verdict in the SEC vs. Ripple case, XRP experienced fluctuating price trends. Despite an initial surge to $0.9327 in July 2023 after the Programmatic Sales ruling, XRP dropped below $0.50 amid concerns of an SEC appeal. The final verdict in August 2024 saw XRP rise to $0.6437 before a slight retreat.
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