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CryptoIntelligence 2024-08-08 20:22:08

XRP Rallies 26% as Ripple Declares Victory Over SEC

The price of XRP experienced a significant 26% increase as a New York federal judge neared a resolution in a longstanding securities lawsuit against Ripple Labs. This development was widely regarded as a pivotal moment for the cryptocurrency industry. On August 7, the court directed Ripple Labs to settle a $125 million civil penalty and issued a permanent injunction preventing the company from future violations of U.S. securities laws. This ruling, reported by Cointelegraph, marks a crucial advancement in the case initiated by the Securities and Exchange Commission (SEC) back in December 2020. The surge in XRP’s value followed the

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