Hi Traders, Investors and Speculators of Charts๐๐
Congratulations to all the XRP HODLERS ๐คฉ๐ฅ
(quick recap)...The SEC case against Ripple was a legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the XRP cryptocurrency. The SEC sued Ripple in December 2020, alleging that XRP is a security and that Ripple had violated securities laws by selling XRP without registering it with the SEC. Ripple Labs denied the SEC's allegations, arguing that XRP is not a security but a digital currency.
The case went to trial in February 2023, and on July 12, 2023, Judge Analisa Torres ruled in favor of Ripple Labs. Torres found that the SEC had failed to adequately prove that XRP is a security, and she dismissed the case.
The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole. It could have far-reaching implications for the regulation of cryptocurrencies in the United States.
๐The SEC failed to prove that XRP is a security.
๐The ruling could have far-reaching implications for the regulation of cryptocurrencies in the United States.
๐The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole.
This furthermore confirms my bias for the beginning of AltSeason 2023, check it out here:
_______________________
๐ขFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities ๐Hit like & Follow ๐
We thank you for your support !
CryptoCheck
Congratulations to all the XRP HODLERS ๐คฉ๐ฅ
(quick recap)...The SEC case against Ripple was a legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the XRP cryptocurrency. The SEC sued Ripple in December 2020, alleging that XRP is a security and that Ripple had violated securities laws by selling XRP without registering it with the SEC. Ripple Labs denied the SEC's allegations, arguing that XRP is not a security but a digital currency.
The case went to trial in February 2023, and on July 12, 2023, Judge Analisa Torres ruled in favor of Ripple Labs. Torres found that the SEC had failed to adequately prove that XRP is a security, and she dismissed the case.
The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole. It could have far-reaching implications for the regulation of cryptocurrencies in the United States.
๐The SEC failed to prove that XRP is a security.
๐The ruling could have far-reaching implications for the regulation of cryptocurrencies in the United States.
๐The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole.
This furthermore confirms my bias for the beginning of AltSeason 2023, check it out here:
_______________________
๐ขFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities ๐Hit like & Follow ๐
We thank you for your support !
CryptoCheck
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Everything you need to know about the BTC Halving coming up:
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XRP Traders: Important LATEST UPDATE :
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Bearish M-pattern on XRP:
Previous bearish M's:
Previous bearish M's:
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Latest XRP update after the hack:๐ข๐ข
Ripple says U.S. banks will want to use XRP cryptocurrency after victory in SEC fight.
According to CNBC : "Ripple is confident U.S. banks will start wanting to use XRP for cross-border transactions after a judge gave the firm a partial victory in its fight against the SEC, General Counsel Stu Alderoty told CNBC.
A judge ruled that XRP, a cryptocurrency Ripple is closely associated with, was not in itself necessarily a security, in a development with major implications for the digital asset industry.
It wasnโt a total victory for Ripple, however โ the judge also ruled that sales of XRP by Ripple to institutional buyers do count as unregistered sales of securities."
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I would NOT take this as a buy signal, actually there's greater chance we correct more after this news (expecting sell-the-news market behavior). Not sure what Ripple is playing at here but seeing is believing when it comes to Ripple's remarks.