Volatility is high. XRP Coin whales have amassed hundreds of millions of dollars in recent days, and Bitwise ETF application has been submitted. But the SEC nixed the plans. Ripple until October 7 
$0.597318 The institution, which had the right to appeal for the case, could not be patient any longer and appealed to overturn the decision.
Ripple Case Breaking News
The US Securities Regulator suffered a heavy defeat. The judge first ruled in summary judgment that secondary market sales were not securities, and then imposed a 94 percent discount on the corporate sales penalty requested by the SEC. The SEC filed an appeal because it did not want to lose this case, which is extremely important for the rest of cryptocurrencies.
Some Lawyers Investigate SEC’s Ripple Company XRP Coin He was saying that he could not properly present the evidence proving the relationship between the two, and that the decision could change if an appeal was made and the materials were compiled and presented in a convincing manner. SEC officials took action to overturn the decision, probably because they thought the same.
You see the notice of appeal above. SECIt’s better for Democrats to prolong the trial than to give it up easily. But it was also discussed a lot last year, and the rate of overturning of the decisions made by Judge Torres by the second chamber is low. Now at this stage we will wait for the SEC to present convincing evidence during the appeal process. Details will be shared as they become available.
XRP Coin price Since there was already a risk of appeal, BTC was down with its decline and did not suffer excessive losses with the application.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
