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XRP Drops 5% as SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling

Ripple’s XRP token has dropped over 5% in the past 24 hours, falling below $0.50 for the first time since July 13. This comes as the Securities and Exchange Commission (SEC) has further argued the need for a mid-case appeal over the finer points of law in its dispute with Ripple. CoinDesk's global policy and regulation managing editor Nikhilesh De weighs in on the latest legal developments.

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Patakaran

Sinasalungat ng SEC ang Ripple sa Pagsisikap na iapela ang Groundbreaking XRP Ruling

Ang Securities and Exchange Commission ay higit pang nagtalo sa pangangailangan para sa isang mid-case na apela sa mga mas pinong punto ng batas.

SEC Chair Gary Gensler and Ripple CEO Brad Garlinghouse (Kevin Dietsch/Getty and Scott Moore/Shutterstock/CoinDesk)

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XRP Erases Nearly All July Gains in August: Kaiko

XRP, which is among the world’s largest tokens by market capitalization, has lost nearly all of its July gains in August, despite robust trade volume. Kaiko data shows Ripple's partial court win against the SEC in July sent XRP to a yearly high of 83 cents, but now prices are back down to levels before the ruling. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

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XRP Gives Up Nearly All Gains Made After Ripple's Partial Win Against the SEC

XRP has lost nearly all gains after Ripple Labs’ landmark court ruling over the U.S. Securities and Exchange Commission (SEC) in July. TheoTrade co-founder Don Kaufman shares his reaction as bitcoin (BTC) and other major cryptocurrencies remain little-changed after the largest cryptocurrency by market cap saw its worst weekly performance since FTX's collapse.

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Merkado

Ibinigay ng XRP ang Lahat ng Nakuha Pagkatapos ng Ripple Labs' SEC Victory

Ang isang pangkalahatang bearish na merkado ay nagpabigat sa mga presyo ng XRP pagkatapos ng isang mahalagang tagumpay ng Ripple Labs.

XRP prices have retracted all SEC-driven gains. (CoinGecko)

Patakaran

Ang XRP Ruling ay Nangangailangan ng Appeals Court Review, SEC Says

Pinahintulutan ng isang hukom ang SEC na maghain ng apela.

Ripple CEO Brad Garlinghouse (Scott Moore/Shutterstock/CoinDesk)

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SEC Can Argue for Right to Appeal XRP Ruling in Ripple Case, What's Next?

Judge Analisa Torres has let the U.S. Securities and Exchange Commission (SEC) argue it can appeal against her ruling that Ripple didn’t violate securities laws in making XRP available to retail traders by putting it on exchanges. CoinDesk's global policy and regulation managing editor Nikhilesh De breaks down the new developments in Ripple's legal battle against the agency and the next steps of the case.

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Patakaran

Maaaring Subukan ng SEC na iapela ang Groundbreaking XRP Ruling, Judge Ruling

Ang isang pederal na hukom ay hahayaan ang US Securities and Exchange Commission na maghain ng mosyon na, kung ipagkakaloob, ay magpapahintulot na ito ay mag-apela ng desisyon na ang mga transaksyon sa XRP sa pamamagitan ng mga palitan ay T lumalabag sa mga batas ng seguridad.

Ripple CEO Brad Garlinghouse  (Scott Moore/Shutterstock/CoinDesk)

Merkado

Ang mga Crypto Investor ay Maaari Na Nang Mag-trade ng XRP Options sa BIT Exchange

Ang XRP ay ang ikalimang pinakamalaking Cryptocurrency sa mundo, na ipinagmamalaki ang market capitalization na $30.88 bilyon sa oras ng press.

XRP's price chart (CoinDesk/Highcharts.com)

Merkado

Bumaba ang Bitcoin sa $29K, ngunit ang Tom Lee ng Fundstrat ay Nakakita ng $150K sa Pag-apruba ng ETF

Ang mga Altcoin ay nangunguna sa pagbaba, na may mga major tulad ng DOGE, SOL at MATIC na bumaba ng 6-7% sa nakalipas na 24 na oras.

Bitcoin falls back to $29K (CoinDesk)