Recently, the SEC released a reaffirming report stating its belief that Ripple will continue its alleged wrongdoing, despite the company's compliance since the 2020 lawsuit. Ripple's Chief Legal Officer accuses the SEC of unfairly applying the law. Ripple asserts that its XRP's legal status remains solid, despite the SEC's latest report.

Ripple argues that its compliance history, dating back to its 2013 XRP initial coin offering, should mitigate concerns about its liability. However, the SEC maintains that Ripple might resume its alleged activities.

The SEC clarifies that its injunction is not tied to Ripple's future intentions, indicating that further illicit activities remain possible despite Ripple's assurances.

While Ripple hasn't engaged in additional wrongdoing, the SEC remains skeptical. Ripple's Chief Legal Officer criticizes the SEC's handling of the law following the report filing, suggesting that a resolution may not occur until September.

The SEC's unwavering stance raises doubts about its reputation, as it refuses to reconsider its decision despite criticism.

Meanwhile, XRP's value is gradually increasing, with expectations of reaching $10 in the near future.