Andrew shared that two SEC sources say the Ripple case will be over soon.

Ripple lawsuit update: SEC sources hint at settlement and reduced fine

Andrew, who frequently covers #cryptocurrency , finance and business, shared in a recent X post that two SEC sources suggest the #Ripple case is nearing completion, with some key expectations. UPDATE: two sources at the SEC believe the @Ripple case is very close to wrapping up. Here are the expected outcomes: $XRP is expected to get more serious consideration as a commodity- "substantially reduced fine; GREATLY reduced.#XRP will be treated as a commodity?He said that XRP is likely to be treated more seriously as a commodity, which will change its legal status and market treatment. In addition, the amount of the fine facing Ripple may be significantly reduced, and the punishment will be much more lenient than originally envisioned. The new SEC leadership realizes the importance of this case, as its decision will determine the future of cryptocurrency regulation. Moreover, the outcome of this case could have long-term implications for the entire cryptocurrency market, potentially changing the approach to the regulation of #digital assets in the United States.Interestingly, attorney Fred Rispoli reacted to the announcement by saying that while he doesn’t believe Andrew’s sources when they say negative things about XRP, he believes them when they say positive things. "It’s not hypocrisy. It’s unbridled hope, he was quoted as saying.additionally, crypto lawyer Bill Morgan reacted to Andrew’s post and noted that while the first and third points make sense, the injunction is still an issue. Despite Judge Torres’ ruling implying that XRP can be treated as a commodity, the permanent injunction restricts Ripple’s ability to sell XRP to U.

Read us at: Compass Investments

#FinTechInnovations