The SEC opposed the issue at various stages after Judge Torres’ decision, but the final decision approved Ripple’s exemption from disqualification in Rule 506(d) under the Securities Act.
This decision removes the ripple obstacles to benefit from investor exemptions under Regulation D.
The committee said given the current circumstances and previous decisions there was “just good reason” not to apply the disqualification that would occur if the interim injunction granted by the final judgment was lifted. Therefore, Ripple has been officially exempted from the relevant provisions of the Securities Act.
So, what does this mean? Ripple can continue to raise capital in the private market. It can even be said that normal business will continue, as if the lawsuit and $125 million fine never occurred.
The lawsuit between Ripple and the SEC effectively ended yesterday when the SEC officially retracted the appeal. The XRP price responded very positively to this development, trading at $3.3 at the time of writing.
*This is not investment advice.
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