The SEC vs. Ripple case has been ongoing since December 2020, with the SEC accusing Ripple of selling unregistered securities in the form of XRP. Here's a summary of the latest developments:
* July 2023: The court ruled that XRP sales on exchanges and through algorithms weren't securities offerings. However, it did find Ripple's direct sales to certain institutional investors to be securities.
* April 2024: Both parties submitted proposals for a final judgment. The SEC requested nearly $2 billion in fines and disgorgement, while Ripple argued for a $10 million penalty.
The case is awaiting a final judgment from the court. The outcome could have significant implications for the cryptocurrency industry, as it could help clarify the regulatory status of digital assets.

Bitcoin news
* Bitcoin price steadies around $58,000 after a dip. The price dropped below $60,000 on Wednesday but has since recovered slightly. [CoinDesk]
* Fidelity report suggests Bitcoin's volatility is decreasing. The investment firm believes Bitcoin will become more stable as it matures. [CoinDesk]
* Shift in investor strategy? With the recent price drop, some investors are turning to "call writing" as a hedge against further decline. [CoinDesk]
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