The Ripple Q1 report sparked a new plot in the ongoing XRP suit, as the encryption company explicitly stated the withdrawal of the appeal of the Supreme Education Council. This claim drew special attention because the Supreme Education Council has not yet confirmed the withdrawal of its appeal in the Ripple case.
As SEC’s official position continues, the Ripple report was only added to the uncertainty surrounding the outcome of the lawsuit and the future of XRP. This article is studying the Ripple report, focusing on XRP and understanding its potential effects on the ongoing issue.
SEC withdrew the XRP lawsuit, says Ripple in the Q1 report
The XRP Bill Morgan’s lawyer explained, Ripple explicitly stated for the first time that the US Securities and Stock Exchange Committee (SEC) had withdrawn its appeal in the long lawsuit. Mention the report,
In the first quarter, SEC Ripple informed its structure in withdrawing its appeal – a clear victory for both Ripple and AndUSTY Crypto Adori … SEC agreed to reduce the proposed penalty from $ 125 million to $ 50 million – and asked the court to evacuate the restless orders, pending the approval of the Supreme Council of Education Committee. This result was confirmed again what was clear from the first day: the facts and the law were alongside Ripple.
Miscellaneous, the report predicts the potential XRP growth driven by an increase in the institutional interest and the results of a positive ripp.
XRP lawyer discovers the contradiction in the Ripple Q1 report
Highlighting the silence of the United States, Bill Morgan interrogated Ripple claims that the Supreme Education Council has withdrawn its appeal in the XRP suit. While Ripple reveals the SEC step despite the agency’s official assertion, Morgan emphasized the contradiction in the Q1 report.
It is worth noting that Morgan indicates that, as his treatment, SEC Commissioners have not yet voted. Although the Court of Appeal, which grants a joint request to stop the appeal, the Supreme Education Council has not officially confirmed the withdrawal of its appeal. This indicates a possible inconsistency between the Ripple statement and the actual position of the Appeals of the Supreme Education Council.
Nino against Jamal
NYNU V Jamal is an emotional encryption journalist with three years of experience in Blockchain, Web3 and Fintech balls. She has created herself as an attractive and attractive voice in the coded currency and blocks. She added her experience as an assistant professor in English and literature to her endeavor to formulate well and accessible media content.
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