Loading...
Market
How will the market react to the SEC's final ruling on XRP's status?
4
Resolution / Starting Odds
XRP price increases by over 20% • 25%
XRP price decreases by over 20% • 25%
XRP price remains stable (+/- 5%) • 25%
XRP is delisted from major exchanges • 25%
Market data and financial news outlets
Story
SEC Seeks $2 Billion Penalty Against Ripple, Disputes XRP Legality
May 8, 2024, 04:53 PM
The U.S. Securities and Exchange Commission (SEC) is intensifying its legal battle against Ripple, arguing for a $2 billion penalty over its handling of XRP, a cryptocurrency. The SEC has filed its final response in the ongoing lawsuit, refuting Ripple's claims of non-recklessness and disputing the legality of XRP's status. Ripple has countered with a proposal for a $10 million penalty, which the SEC criticizes as too lenient given the gravity of the alleged violations. The SEC also seeks injunctions to prevent future violations by Ripple.
View original story
Similar markets
XRP price increases • 25%
XRP price decreases • 25%
XRP price remains stable • 25%
XRP delisted from major exchanges • 25%
Significant increase in Ethereum's price • 25%
Minor increase in Ethereum's price • 25%
No significant change in price • 25%
Price decline • 25%
Increase in XRP price • 33%
Decrease in XRP price • 33%
No significant change in XRP price • 34%
Significant increase in ETH price • 33%
Moderate increase or stable ETH price • 33%
Decrease in ETH price • 33%
Overall market increase • 25%
Overall market stability • 25%
Overall market decrease • 25%
No significant market reaction • 25%
SEC wins • 33%
Ripple wins • 33%
Settlement reached • 34%
Significant positive impact on crypto market • 33%
No significant impact • 33%
Significant negative impact on crypto market • 34%
Positive impact on DeFi market • 33%
Negative impact on DeFi market • 33%
No significant change • 34%
Significant drop in Coinbase stock • 33%
Minor impact on Coinbase stock • 33%
No impact on Coinbase stock • 34%
Increase over 10% • 33%
Decrease or increase less than 10% • 34%
Decrease over 10% • 33%
Increase over 5% • 33%
Decrease or no change • 33%
Increase less than 5% • 34%