The US Securities and Exchange Commission (SEC) case against Ripple is moving forward, despite the regulatory body’s previous losses. Judge Analisa Torres has given a deadline for both parties to propose a briefing schedule regarding remedies. The deadline is set for November 9, 2023. The SEC had claimed that Ripple violated securities law, resulting in a fine and a ban on participation in future offerings. Meanwhile, LBRY Inc., another crypto firm, is facing financial difficulties and placing its assets into receivership. AMBCrypto advises readers to consider cryptocurrency investments as high-risk and to conduct their own research.
AI Sentiment: Positive
