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Gate Square New & Returning Creator Rewards are ongoing!
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XRP faces a critical SEC appeal deadline, which may make a ruling and reshape Ripple's regulatory prospects and investor sentiment.
The price trend of XRP depends on the SEC appeal; the risks include dropping below $1.50 or rebounding above $2.90 during withdrawal.
BTC fell to $93,000 due to ETF outflows and concerns over strategic reserves, reversing three weeks of inflows.
SEC v. Ripple Case: Programmed Sales Ruling Sparks Controversy
On Sunday, December 29th, the SEC's lawsuit against Ripple reignited debate over the court ruling. Bill Morgan, a cryptocurrency advocate lawyer, responded to criticism from Charles Gasparino, a senior reporter at Fox Business, regarding Judge Analisa Torres' ruling in the case.
Gasparrino said that the Ripple case was unnecessary, but questioned the summary judgment, claiming that the judge set a precedent for lowering the disclosure standards for retail investors.