The US Securities and Exchange Commission (SEC) and Ripple have been in a legal battle for some time now. On October 3, a federal judge dismissed the SEC’s appeal, ruling that Ripple’s XRP sales years ago did not constitute an offer of investment contracts. This decision has given Ripple an upper hand in the legal battle. The lawsuit between the two entities is scheduled for April 23, 2024 and its outcome could have a massive impact on the entire cryptocurrency sector and the regulatory environment in the United States. Ripple and the SEC must submit all required pretrial filings and necessary documents by December 4, 2023. The price of Ripple’s native token XRP spiked immediately after the ruling, touching the $0.55 mark. However, in the following hours, XRP slightly retraced and currently hovers around $0.52. After the previous court decision in July, XRP shot above $0.85.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	8
People	None
Companies	PrimeXBT, SEC (Securities and Exchange Commission), CoinGecko, Binance, Ripple
Currencies	XRP, Bitcoin, Ethereum
Securities	None