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What will be the outcome of the SEC appeal against Ripple Labs by end of 2025?
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Resolution / Starting Odds
SEC wins - XRP classified as security • 25%
Ripple wins - XRP not classified as security • 25%
Settlement reached • 25%
Case dismissed • 25%
Court rulings or official announcements from the SEC or Ripple Labs
Story
SEC Appeals Against Ripple Labs to Classify XRP as Security Amid XRP's $3 Breakthrough
Jan 15, 2025, 11:57 PM
The U.S. Securities and Exchange Commission (SEC) has filed its opening brief in an appeal against Ripple Labs, seeking to classify XRP as a security. This move follows a refusal by the SEC to postpone the appeal until after the departure of its current leadership on January 20, 2025. Ripple Labs' Chief Legal Officer Stuart Alderoty criticized the SEC's decision, arguing it represents a waste of taxpayer dollars and suggesting that the legal battle may become irrelevant with the incoming change in SEC leadership under the Trump administration. The appeal stems from a July 2023 ruling that found Ripple's sales of XRP to retail investors did not violate U.S. securities laws, although a subsequent August 2024 decision held Ripple liable for $125 million for securities regulation violations related to fundraising. Amid these developments, XRP experienced a significant price surge, breaking through $3 for the first time since 2018 and recording a 12% increase over the past 24 hours.
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Settlement reached • 25%
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Reversal of ruling • 25%
Ruling upheld • 25%
Settlement reached • 25%
Partial victory for Ripple • 25%
Complete victory for Ripple • 25%
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Conviction • 25%
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Severe Misconduct Found • 25%
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Minor Misconduct Found • 25%
In favor of Coinbase • 33%
In favor of SEC • 33%
Mixed ruling • 34%
No significant change • 25%
Continued regulation-by-enforcement • 25%
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Increased collaboration with crypto companies • 25%
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No actions dropped • 25%
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Musk found guilty • 25%
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Musk found not guilty • 25%
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Dropped • 25%
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Coinbase wins • 25%