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    Fun-loving and cheerful, a passionate blockchain and crypto writer who knows no boundaryโ€ฆconnect if you share the same passion. With 10+ years of writing experience, I am a Crypto Journalist by chance, exploring, and learning all the dynamics of the sci-fi action-filled crypto world. Currently, focusing on cryptocurrency news and price data. With a passion for research and challenging my capabilities, I am slowly getting into the crypto arena to bring new insights every day.

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    SEC’s Secret Weapon to Be Revealed Today: XRP Lawsuit to Finally End?

    Story Highlights
    • Today, the public will finally see a redacted version of the redacted SEC reply.

    • Lawyers are analyzing the SEC's arguments, particularly regarding a potential permanent sales ban on Ripple.

    • Both sides are arguing for limitations on a potential sales ban, with Ripple appealing a previous ruling on ODL sales.

    The market buzzes with anticipation as the Securities and Exchange Commission (SEC) and Ripple reveal sealed remedial reply briefs and exhibits in their ongoing legal battle. Today, the curtain lifts on redacted versions of these elusive documents, shedding light on the strategic moves between the two giants.

    What next? Let’s find out.

    Insights from Bill Morgan: Ripple’s Fate in Question

    In a recent X post, pro-XRP lawyer Bill Morgan noted the potential implications of a permanent ban on Rippleโ€™s XRP sales. He believes the regulatorโ€™s response is more crucial than the penalty.ย 

    A major point of disagreement is the SECโ€™s assertion of financial harm to institutional XRP buyers due to Rippleโ€™s actions. Morgan carefully examines this claim, raising questions about potential penalties and avenues for appeal.

    Permanent Ban Possible?

    Digging deeper, Morgan examines the SECโ€™s push for a permanent prohibition, particularly targeting Rippleโ€™s On-Demand Liquidity (ODL) sales. He outlines the SECโ€™s stance on Rippleโ€™s business model and potential risks. Additionally, he looks at Rippleโ€™s efforts to challenge the injunction and the SECโ€™s rebuttals.

    Furthermore, he disagrees with Judge Torresโ€™ ruling on ODL sales being classified as investment contracts. At the same time, he also lashes out at Rippleโ€™s argument that they lacked clarity in differentiating these sales from other institutional and programmatic sales during the summary judgment phase.

    Ripple now faces the challenge of addressing this issue on appeal, as he expects the court will likely grant a permanent injunction, extending its scope to cover ODL sales.

    Jeremy Hogan’s Take

    Attorney Jeremy Hogan announced the completion of the Ripple vs. SEC briefs, expressing his view that the SECโ€™s final response lacked impact. Hogan noted that the SEC did not address ODL sales, merely acknowledged Rippleโ€™s attempt to re-litigate the issue. Furthermore, he mentioned that the SEC did not introduce any new information regarding damages. With the briefs finalized, the anticipation now shifts to the judgeโ€™s decision.

    XRP Price: Any Hope Left?

    The SEC lawsuit has dampened XRPโ€™s price, but thereโ€™s hope for a turnaround. Although itโ€™s trading around $0.53, positive news from the Ripple vs. SEC case could push it past $0.55. Derivatives traders are also showing interest, with XRP futures OI increasing by nearly 4% in 24 hours, indicating a bullish trend in the futures market.

    Read Also: Ripple vs SEC: Rippleโ€™s Fate in Judgeโ€™s Hands โ€“ What To Expect?

    We’re all in this together! What are your predictions for the Ripple vs. SEC case?

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