The post Floki Getting Left Behind To A New 100x Newcomer! SEC Vs Ripple Case Continues! appeared on BitcoinEthereumNews.com.

The bull run has hit a roadblock for many of the top altcoins. The bears have taken prominence in the crypto news for the past seven days. Ripple (XRP) is stuck in its legal battle with the SEC, and its investors are frustrated with how things are going. Floki Inu (FLOKI) is struggling to shake off bearish hold, and it really can’t keep up with the new meme coins. Raboo ($RABT) is the new meme coin that’s rocking the crypto market with its presale. The meme coin world needs a new order, and $RABT tokens are the sign of a revolution. There are profits in the chaos, too, and that’s why the newcomer is a ‘top-trender.’ Ripple fights $2bn fine from SEC The Ripple vs SEC case began in 2022, and from all indications, a resolution is looking forthcoming this year. The XRP price has been on hold for that long, as investors are skeptical about buying XRP tokens that won’t deliver much ROI. However, the case seems to be at a crossroads now, as the SEC slapped a $2bn fine on Ripple for sales of unregistered securities in 2020. Ripple Labs is challenging the decision, citing Terraform’s recent $4.5bn fine for fraud and investor losses as a benchmark. The argument for Ripple is that its investors didn’t incur losses from buying XRP tokens, and there has been no evidence of fraud, so the fine shouldn’t be that high. Ripple investors must have thought the lawsuit would finally be resolved soon, but Ripple’s request for a reduction might slow things down again. Between the legal battle and the general bearish market, XRP price has found profits difficult to come by. XRP is 1.18% down from last week, and its holders are getting agitated. FLOKI price weekly losses stay under The…

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Filed under: News - @ June 17, 2024 6:24 pm