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Another Big Win for XRP: SEC Makes Fresh Order In Favor of Ripple
The United States Securities and Exchange Commission (SEC) has taken another major step in favor of Ripple by waiving the “bad actor” disqualification. This fresh order is seen as a significant victory for the blockchain company, allowing it to access Rule 506 private-placement options once again.
According to reports, the SEC’s decision grants Ripple the ability to raise capital privately and potentially open up new avenues for fundraising. Bill Morgan, a renowned attorney who has closely followed the case, weighed in on this development, describing the order as another win for Ripple. The waiver is considered the “next best thing” considering Judge Annalisa Torres’ earlier refusal to dissolve the permanent injunction placed against Ripple.
The decision will undoubtedly impact Ripple’s capital-raising efforts and broader business objectives. Morgan emphasized that the SEC’s order will help Ripple secure financing, stating, “Ripple is no longer barred from conducting exempt securities offerings.” The waiver also provides relief from previous regulatory constraints, allowing Ripple to explore new financial opportunities that align with its overall strategy.
With the bad actor disqualification lifted, Ripple can now restore access to Rule 506 private-placement options. This development enables the company to raise capital in a more efficient manner, which will likely have a positive impact on its XRP holdings. In turn, this could lead to increased trading and further solidify Ripple’s standing in the market.
While the permanent injunction remains intact, this fresh order underscores the SEC’s growing flexibility towards Ripple. The waiver is a significant victory for the company and can be seen as a key milestone in their ongoing dispute.
Source: timestabloid.com
