Ripple’s Partial SEC Win: ODL’s Future in Spotlight
- Ripple secures partial victory in SEC lawsuit, facing $120M penalty instead of $2B.
- Ruling sparks debate on implications for XRP and ODL services.
- Experts divided on whether this is a decisive win for Ripple or just another chapter in the legal battle.
Ripple scored a partial win in its legal battle with the SEC, with a judge ordering a $120 million penalty instead of the $2 billion sought by the regulator. The ruling also touched on Ripple’s On-Demand Liquidity (ODL) service. Experts are divided on whether this marks a decisive victory for Ripple or just another chapter in a complex saga that started almost four years ago.
Ripple’s Chief Technology Officer David Schwartz and crypto influencer ScamDaddy, engaged in a lively debate on X (formerly Twitter) regarding XRP’s use in ODL transactions. The discourse centered on whether the recent injunction restricts such use.
A lot of people are still claiming Ripple can still use XRP for ODL transactions in the US. This is MISINFORMATION.
Judge Torres issued an injunction against Ripple for their Section 5 violations, which was for institutional sales.
What was included in those sales?
ODL waspic.twitter.com/WL…
The post Ripple’s Partial SEC Win: ODL’s Future in Spotlight appeared first on Coin Edition.
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Ripple (XRP) News Today (August 13th)
Ripple’s Partial SEC Win: ODL’s Future in Spotlight
- Ripple secures partial victory in SEC lawsuit, facing $120M penalty instead of $2B.
- Ruling sparks debate on implications for XRP and ODL services.
- Experts divided on whether this is a decisive win for Ripple or just another chapter in the legal battle.
Ripple scored a partial win in its legal battle with the SEC, with a judge ordering a $120 million penalty instead of the $2 billion sought by the regulator. The ruling also touched on Ripple’s On-Demand Liquidity (ODL) service. Experts are divided on whether this marks a decisive victory for Ripple or just another chapter in a complex saga that started almost four years ago.
Ripple’s Chief Technology Officer David Schwartz and crypto influencer ScamDaddy, engaged in a lively debate on X (formerly Twitter) regarding XRP’s use in ODL transactions. The discourse centered on whether the recent injunction restricts such use.
A lot of people are still claiming Ripple can still use XRP for ODL transactions in the US. This is MISINFORMATION.
Judge Torres issued an injunction against Ripple for their Section 5 violations, which was for institutional sales.
What was included in those sales?
ODL was
The post Ripple’s Partial SEC Win: ODL’s Future in Spotlight appeared first on Coin Edition.
Read More