| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107698.0200000000 |
| ETH | $2443.6680000000 |
| BNB | $649.8999600000 |
| XRP | $2.1899310000 |
| ADA | $0.5638705000 |
| SOL | $150.7852000000 |
| DOGE | $N/A |
| DOT | $3.4237100000 |
| LTC | $86.8562000000 |
| LINK | $13.4717400000 |
Category: CRYPTO NEWS
The post SEC Ripple case could show why crypto needs clearer rules appeared on BitcoinEthereumNews.com. The legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs has dragged on for nearly five years. It is one of the most closely monitored cases as the court decides whether selling XRP broke US securities laws. When people thought the case was finally over after Ripple and the SEC agreed to a joint settlement, District Judge Analisa Torres rejected the request because it wasn’t filed correctly under court rules. This minor setback looks like a procedural delay to some people, but others think it proves the legal system isn’t ready to handle cryptocurrency-related cases and that even the SEC is confused about applying decades-old financial laws to brand-new technologies. What happened in the Ripple vs. SEC case? The US Securities and Exchange Commission sued Ripple Labs in December 2020 for breaking investor protection laws that apply to stocks or bonds by raising $1.3 billion from selling XRP tokens without registering them as securities. Ripple fought back, saying XRP is not a security but a digital currency, but Judge Analisa Torres ruled in 2023 that Ripple violated securities laws when it sold XRP directly to institutional investors like hedge funds and investment firms. She said the deals still involved investment contracts categorized under federal securities regulations and penalized Ripple with a $125 million fine plus restrictions on structured sales of XRP to institutions in the future. However, Ripple and the SEC reached a new agreement to reduce the penalty to $50 million and remove the restrictions in 2024, but the judge rejected their request because it wasn’t filed using the correct legal format. Why did the Judge really say no to the deal? Judge Analisa Torres rejected the joint motion from Ripple and the SEC because their legal process didn’t follow Rule 60. The rule only…
2025-06-08T02:30:12+00:00