#XRP #SEC
SEC (U.S. Securities and Exchange Commission) has just filed an appeal in the Ripple case, but the situation is complex:Key Facts:
SEC has appealed the 2023 ruling that determined XRP is not a security in retail sales
XRP price dropped approximately 11% after the appeal announcement
SEC initially demanded $2 billion in damages, but the court only imposed a $125 million penalty
Current Status:
XRP's status as a "non-security" currently remains in effect
SEC's appeal doesn't challenge the entire verdict, focusing mainly on institutional sales
The appeal process may take up to 90 days
Market Impact:
Despite the appeal, XRP is showing gains, reaching $1.04
Speculation about possible resignation of SEC Chairman (Gary Gensler) positively affects the price
Whales (large investors) have increased accumulation to 45.61 billion XRP tokens
Market Sentiment:
The legal uncertainty hasn't significantly impacted XRP's bullish momentum, with investors appearing confident in a positive long-term outcome.
