The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has taken a new turn, with the SEC accusing Ripple of engaging in practices similar to previous violations. This development has complicated the legal landscape for Ripple's On-Demand Liquidity (ODL) service.

SEC Accuses Ripple of Similar Violations

The SEC claims that Ripple's current ODL sales practices are similar to those previously deemed violations. Despite warnings from the SEC, the court lacks comprehensive records to determine if these sales violate existing regulations. This complexity adds another layer to the intricate lawsuit between XRP and the SEC.

Legal Experts Predict Final Judgment

Legal experts predict that the final judgment in the SEC Vs. Ripple Labs case could be issued in July. The SEC might also appeal Judge Torres's ruling, which stated that XRP programmatic sales are not security contracts. This ongoing uncertainty keeps both parties on edge, with the potential for further legal twists and turns.

XRP Price Dips Amid Legal Uncertainty

The ongoing legal uncertainty has impacted XRP's market performance. Currently, XRP price is trading with bearish sentiment, showing a price decrease of 0.43%, now exchanging hands at $0.4759. Over the past 24 hours, XRP has seen highs of $0.4808 and lows of $0.4647.

The SEC and Ripple could still settle arguments that need to be addressed by judges in the ruling. However, the odds of a settlement are currently at zero percent. The SEC is arguing for $2 billion in fines and penalties, while Ripple believes the penalty should not exceed $10 million.