Since the initial ruling in the Ripple v. SEC case, three major developments have occurred. The SEC asserted that these rulings could have a significant influence on ongoing legal proceedings and mentioned their pursuit of cases against entities like Coinbase and Binance. Ripple’s legal team suggested that the SEC should wait for a final judgment before seeking an appeal. Both Ripple and the SEC are now preparing for the second phase of the case, which is expected to provide clarity on the status of XRP and the classification of securities in the cryptocurrency market. The value of XRP remains closely tied to the case outcome.
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