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Another Big Win for XRP: SEC Makes Fresh Order In Favor of Ripple
The U.S. Securities and Exchange Commission (SEC) has recently issued a fresh order waiving the “bad actor” disqualification that stemmed from the permanent injunction placed on Ripple, a move that can be seen as another significant victory for the cryptocurrency. This development comes on the heels of both parties filing to dismiss their appeals, marking yet another step in the resolution of the long-standing dispute.
Bill Morgan, a renowned attorney who has closely followed the case, weighed in on this recent turn of events, describing the SEC’s order as an additional win for Ripple. He characterized the waiver as “the next best thing” following Judge Annalisa Torres’ decision not to dissolve the permanent injunction. Morgan also emphasized that this move will allow Ripple to once again engage in exempt securities offerings.
Notably, this waiver grants Ripple restored access to Rule 506, thereby removing a significant regulatory hurdle and simplifying compliance requirements for raising private funds. This, in turn, may accelerate fundraising efforts and grant the company greater flexibility in arranging private investments to support its XRP cryptocurrency’s development, liquidity management, and commercial partnerships.
While the permanent injunction remains in place, this fresh order serves as a relief measure that eases regulatory restrictions. For XRP holders, the waiver eliminates one source of regulatory friction. The impact of this targeted relief on Ripple’s strategic goals or market implications for XRP will hinge upon the company’s subsequent financing choices and the response from regulators and counterparties.
Times Tabloid wishes to remind readers that any investment decision should be made after thorough research.
Source: timestabloid.com
