Compass Investments

Crypto vs. Dollar

📌 As Ripple enters the final phase of its legal fight, one lawyer has shed some light on a possible SEC ruling.

He stated that the penalties would not be as severe as the SECs initial $2 billion fine for selling XRP to institutional investors. However, he also admitted that the $2 billion fine would be difficult and disadvantageous for cryptocurrency companies, but not fatal. Ripple

– He stated that the penalties would not be as severe as the SEC’s initial $2 billion fine for selling XRP to institutional investors. However, he also admitted that the $2 billion fine would be difficult and disadvantageous for cryptocurrency companies, but not fatal.

Rispoli predicted that the SEC’s judgment will likely be less than $25 million, and it will be a fine rather than damages. He added that the most important aspect of the upcoming decision will be the injunction against Ripple and the restrictions that can be imposed on the company. According to the lawyer, the terms of the injunction will be crucial to Ripple’s future business and financial interests.

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