The Securities and Exchange Commission’s (SEC) request to contest its loss against Ripple was dismissed, along with its claims against Ripple executives. This invalidates the scheduled trial. Ripple is now entering the “damages” phase, where it may pay $20 million or less in penalties. Both parties have submitted a proposed schedule for the next phase of the lawsuit. The SEC intends to seek discovery for injunctive and monetary remedies, which Ripple may object to. Ripple recently concluded its second annual CBDC Innovate challenge. It raised enthusiasm within the global central bank digital currency community. However, the article includes disclaimers stating that the opinions expressed are not investment advice and that readers should do their own research and be aware of the risks involved in trading cryptocurrencies.
AI Sentiment: Neutral