The renowned British newspaper The Times publishes an article about the court ruling by Judge Analisa Torres on the legal dispute between the US Securities and Exchange Commission (SEC) and Ripple.
In a recent tweet, the XRP community Digital Asset Investor drew the public’s attention to the newspaper publication. The community member attached a photo of the article that highlighted the newspaper’s commentary on the XRP ruling.
👀👀👀 pic.twitter.com/MyqUgwEDs3
— Digital Asset Investor (@digitalassetbuy) December 29, 2024
The Times publication on the XRP ruling
The article, published yesterday under the headline “Assessing the True Value of Cryptocurrencies,” discussed how the outcome of the US elections affected the value of XRP and noted that the future of XRP is closely tied to the litigation between the SEC and Ripple.
The newspaper gave an overview of the lawsuit and revealed how it began. According to The Times, the SEC accused Ripple of violating securities laws by issuing XRP without regulatory approval.
Following the summary judgment last year, the SEC demanded a $2 million penalty from Ripple in March 2024. However, the Times highlighted that Judge Torres fined Ripple $125 million in August.
The newspaper emphasized that the lawsuit hinges on the regulatory treatment of XRP and primarily focuses on whether it should be classified as a security. Interestingly, it referred to the opinions of crypto bulls who believe that the lawsuit is part of the SEC’s aggressive stance towards crypto under the leadership of Gary Gensler.
Additionally, The Times noted that US President-elect Donald Trump has picked pro-crypto advocate Paul Atkins as Gensler’s…
