Richter Torres rejects Ripple's 50 million dollar comparison with the SEC and confirms permanent injunction against XRP sales to institutional investors.
Richter Torres rejects Ripple's 50 million dollar comparison with the SEC and confirms permanent injunction against XRP sales to institutional investors.
ripple and the SEC: Court rejects $ 50 million comparison
In a significant decision, judge Torres rejected the comparison proposed by Ripple over $ 50 million with the US Securities and Exchange Commission (Sec). This results in far-reaching consequences for the company and the XRP market.The rejection of the comparison confirms a permanent order that blocks the distribution of XRP (Ripple’s cryptocurrency) to institutional investors. This decision is part of an ongoing legal dispute between Ripple and the SEC, which affects the regulatory framework for cryptocurrencies and their sales in the USA.
The SEC had accused Ripple of selling unregistered securities, which led to legal disputes and uncertainties in the entire cryptom market. With the rejection of the comparison, Ripple must continue to operate without legal clarity, which is under pressure both the company and investors.
The situation again shows how complex and controversial the regulation of cryptocurrencies is and the question of how other crypto companies should act with regard to regulatory requirements.
These developments are of great importance for investors and interested parties on the XRP and the entire cryptocurrency landscape. The outcome of this legal dispute could be pioneering for future regulation and trade in digital currencies in the USA
Overall, it remains to be seen how Ripple reacts to this decision and what steps the company will be in order to consolidate its position in an increasingly challenging regulatory environment.