XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\nFeatured image from DALL-E, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"In just one hour, the XRP price rallied 27% to a one-week high of $0.6406 on Wednesday after Judge Analisa Torres ordered Ripple Labs to pay only $125 million of the $2 billion fine sought by the US Securities and Exchange Commission (SEC) against the blockchain payments company after a four-year legal battle.\u00a0 Ripple’s Legal Victory In the ruling, the court, applying a test derived from the Supreme Court, determined that Ripple’s Institutional Sales constituted offers or sales of investment contracts.\u00a0 However, the Court differentiated Ripple’s Programmatic Sales and Other Distributions, finding that they did not fall into this category. Additionally, the Court clarified that the individual sales conducted by Ripple co-founders Chris Larsen and Brad Garlinghouse did not qualify as offers or sales of investment contracts for reasons akin to those outlined for Ripple’s Programmatic Sales. Related Reading: Bitcoin Funding Rates Turn Negative: Shorts\u2019 Turn To Get Squeezed? When deliberating on the penalty, the Court concluded that a first-tier penalty was fitting in this instance, noting the absence of allegations related to fraud, deceit, or manipulation, along with the lack of established deliberate or reckless disregard for regulatory requirements.\u00a0 Moreover, the Court noted that the SEC had not proven that Ripple’s failure to register the Institutional Sales resulted in significant losses or risks to investors.\u00a0 Consequently, the SEC’s motion for remedies and the entry of final judgment were partially granted and partially denied. The Court’s decision mandates an injunction against Ripple to prevent future securities law violations and imposes a civil penalty amounting exactly to $125,035,150. In this regard, Ripple CEO Brad Garlinghouse stated that the court reduced the $2 billion penalty sought by the SEC by 94%, recognizing that the SEC had “overplayed their hand”. Garlinghouse further stated, \u201cThis is a victory for Ripple, the industry and the rule of law. The SEC\u2019s headwinds against the whole of the XRP community are gone.\u201d\u00a0 XRP Price Predictions Point To Mega Bull Run With XRP not considered a security by the court, the token\u2019s price saw one of its best rallies of the year in a matter of hours, surpassing Monday’s pre-market crash price resulting from global economic uncertainty.\u00a0 Related Reading: Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again? Further demonstrating the bullishness of this development, crypto analyst CrediBULL contends that now that Ripple secured this win, the stage is now set for an \u201cinevitable mega run\u201d for the XRP price. Another analyst under the pseudonym “360 Trader” on social media platform X, also claimed that now the XRP’s “chains are off,” arguing that the XRP price will fly this cycle with a target ranging between $4 and $8.\u00a0 Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":611653,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[86683],"tags":[3680,15065,92764,83637,90400,90415,13172,15883,91056,15621,89423,78763],"class_list":["post-633910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news-ticker","tag-ripple","tag-ripple-sec","tag-ripple-sec-settlement","tag-xrp-news","tag-xrp-news-lawsuit","tag-xrp-news-sec-lawsuit","tag-xrp-price","tag-xrp-price-analysis","tag-xrp-price-breakout","tag-xrp-price-chart","tag-xrp-price-news","tag-xrpusdt"],"acf":[],"yoast_head":"\n
BREAKING: XRP Price Rallies 27% As Ripple Secures Major Win In SEC Lawsuit<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n