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If Ripple loses the SEC lawsuit, XRP’s price could drop significantly, and the entire cryptocurrency market might experience increased volatility.
The regulator initially sought a $2 billion penalty, but the latest proposal is $102.6 million, while the company argues for a fine not exceeding $10 million.throughout 2023. However, the regulator also has a chance to emerge victorious. As such, we decided to ask ChatGPT what would happen to XRP’s price if Ripple lost the case.
“The decision could trigger significant market volatility, with potential declines in the prices of various cryptocurrencies due to increased uncertainty and fear of further regulatory actions,” ChatGPT concluded.a staggering $2 billion fine on the firm, accusing it of conducting an unregistered securities offering by selling its XRP token.One of its main reasons is that there are no direct allegations of fraud in its case against the agency is significantly higher: 11.7%.
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