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Ripple and SEC Seek Settlement Reduction Amid Ongoing Legal Disputes
The SEC and Ripple submitted a joint proposal to settle in court, proposing a reduction of the fine from $125 million to $50 million and the removal of court bans. A prior attempt to amend the final judgment was rejected by the court in May, indicating ongoing legal tension.
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AI Analysis
The ongoing legal dispute between Ripple and the SEC remains a significant factor influencing Ripple's market perception and potential outlook. The recent submission of a joint proposal for settlement...
AI Recommendation
Considering the ongoing legal developments, it would be advisable to maintain a cautious stance on Ripple. The proposal of a settlement reduction might indicate a potential near-term resolution, but t...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.