The SEC Files A Strike Against Ripple’s Defense. Could It Drown XRP?

The SEC Files A Strike Against Ripple’s Defense. Could It Drown XRP?


The U.S. Securities and Exchange Commission (SEC) made a surprise attack on the Ripple case by filing a letter of supplemental authority to strike Ripple’s “fair notice” defense. Simultaneously, the token XRP is down 2.33% in the last 24 hours to $0.7 following the market’s downtrend.

The SEC’s Surprise Move

As the popular SEC vs. Ripple case is expected to be resolved around April this year, the SEC has made a new move that left many wondering if previous expectations could change.

Trending: Vaccine mandates around the world collapse after U.S. Supreme Court decision

The American regulator is using a winning move from another case to strike at Ripple’s key arguments.

The SEC had taken John M Fife and five entities controlled by him to court in September 2020 for selling $21 billion of penny stocks and

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend