XRP judgment day? Ripple v. SEC finale
The Ripple v. U.S. Securities and Exchange Commission (SEC) case has been going on for over four and a half years now. Today, however, could prove pivotal, as June 16 marks the deadline for the SEC to submit a status update to the U.S. Court of Appeals for the Second Circuit, disclosing whether a settlement has been reached or if the appeal proceedings are set to continue. On June 12, the two parties filed a revised joint motion with a Manhattan federal court to release the $125 million civil penalty held in escrow. Both sides cited past legal precedents to support their position and renewed their request for the judge to provide an indicative ruling. If Judge Analisa Torres approves the new motion, both parties are expected to drop their appeals and potentially clear the way for a full resolution. XRP price analysis XRP gained 1.18% on June 15 as excitement before the deadline grew. At press time, the token is trading at $2.27, up 4.79% as ant...