US SEC To Review Ripple Lawsuit Appeal In Hours
Main Idea
The U.S. SEC is set to review the appeal in the Ripple lawsuit, with a crucial decision expected that could either end the case or prolong it further.
Key Points
1. The legal battle between Ripple Labs and the SEC, ongoing since 2020, may reach a pivotal point with the SEC's decision on the appeal.
2. If the SEC dismisses the appeal before Aug. 15, the case could end; if not, it may continue for much longer.
3. Ripple's XRP has seen significant price gains ahead of the SEC decision, trading at $3.04 with a 2.16% increase.
4. Ripple recently ranked as the 23rd biggest private entity by market capitalization, valued at $15 billion, outperforming Klarna ($14.5 billion).
5. The trading volume for XRP remains in the red zone, down by 5.35% at $4.8 billion.
Description
SEC officials to deliberate on Ripple appeals decision in meeting that might shape extended lawsuit
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