The National Consumer Disputes Redressal Commission (NCDRC) has dismissed a lawsuit filed against WazirX over a ₹2000 crore hack. The court ruled that there is no established legal framework for cryptocurrency-related issues in India. As a result, the case against the crypto exchange was thrown out, highlighting the regulatory gap surrounding cryptocurrency in the country. This decision marks a significant moment in the ongoing debate over crypto regulations in India.
The long-running legal battle between Ripple and the SEC is entering its final phase, and the crypto community is eager to see how it ends. After years of back-and-forth arguments, multiple court rulings, and shifting regulatory stances, several outcomes are now possible.
Can the SEC Just Walk Away?
All Things XRP, Crypto Analysts chimed into the outcome possibilities. They suggest that the SEC, under potential new leadership in 2025, might withdraw its appeal, leaving Ripple with a $125 million fine and a permanent injunction on institutional XRP sales. While this would provide some clarity, it would still limit Ripple’s operations.
Another possible outcome is a settlement where the SEC agrees to reduce the fine, possibly to $75 million, though the injunction would remain a key obstacle. Even if both parties agree, dissolving the injunction requires court approval, making the resolution process more complex. Analysts believe that if Paul Atkins, a potential nominee for SEC chair, is confirmed, he could advocate for this approach.
However, the possibility remains that the Second Circuit could overturn Judge Torres’s ruling, classifying XRP’s programmatic sales as securities. This could lead to fines exceeding $500 million and even stricter restrictions on Ripple.
On the other hand, Ripple’s cross-appeal may allow the company to argue for lifting the injunction while keeping the $125 million fine intact. If successful, institutional XRP sales would resume, a move that could benefit both Ripple and the broader crypto industry. While unlikely, a complete SEC retreat would be the most favorable outcome for Ripple, but analysts believe that judicial oversight makes this scenario improbable.
April 16—A Key Date for XRP
Legal expert Fred Rispoli highlights April 16, 2025, as a key date in the Ripple vs. SEC case but warns that the resolution could stretch beyond mid-2025. While a resolution could come by summer, experts like Jeremy Hogan suggest delays are possible due to the case’s complexity and the SEC’s $125M penalty push. A settlement remains on the table, but the crypto community is braced for a wait potentially until September.
Whereas crypto analyst MetaLawMan believes that resolution will come before April 16. The SEC can withdraw its appeal in March to pave the way for a dismissal of the case. That means it will straight away go for a settlement.
A Game-Changer for XRP?
Meanwhile, XRP holders remain hopeful for XRP ETFs as the case nears its long-awaited conclusion. April could be a make-or-break moment for both XRP and Ripple. While the case is at its end, many believe SEC’s decision to delay ETF approvals is widely because of the XRP case resolution. There will be a huge inflow waiting for XRP if the case ends by next month.
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The post Ripple VS SEC Lawsuit: Will the Outcome Boost XRP’s Future and Crypto ETFs? appeared first on Coinpedia Fintech News
The long-running legal battle between Ripple and the SEC is entering its final phase, and the crypto community is eager to see how it ends. After years of back-and-forth arguments, multiple court rulings, and shifting regulatory stances, several outcomes are now possible. Can the SEC Just Walk Away? All Things XRP, Crypto Analysts chimed into …
A promising Layer 2 protocol called Solaxy ($SOLX) has captured attention by raising an impressive $26.8 million during its ongoing token sale.
In the same way that L2s such as Base have improved Ethereum’s throughput, Solaxy now promises to do the same for Solana, speeding up transactions and stopping network congestion.
Solaxy’s stunning presale, which is still ongoing, shows strong investor confidence in the project’s vision to help Solana maintain its position in the cryptocurrency world.
Technical Innovation Behind Solaxy Excitement
Blockchain networks face an ongoing challenge of balancing security, decentralization, and transaction throughput.
Despite Solana’s impressive processing capabilities compared to many competitors, periods of intense network activity (such as when $TRUMP launched) still create bottlenecks, resulting in delayed confirmations and occasional transaction failures.
Solaxy approaches this challenge through an architecture that processes transactions outside the main chain before bundling them together.
These streamlined validation mechanisms maintain security while improving speed, and reduce transaction costs across Solana.
This means Solaxy can help unlock Solana’s full potential, potentially creating billions in new economic value across the ecosystem.
Market Position And Investment Opportunity
With Solana currently valued around $65 billion, and Solaxy in its pre-launch phase, astute investors may recognize the potential value disconnect. Early participants can secure tokens at $0.001666, though this entry price increases in the next 24 hours as the offering advances.
Beyond potential price appreciation, the project offers a staking program currently yielding 152% annually, providing immediate benefits to participants. This rate will naturally decrease as more tokens enter the staking pool.
Cryptocurrency platform 99Bitcoins, with its 700,000+ YouTube subscriber base, recently featured Solaxy in its coverage. Analyst Umar Khan expressed particularly bullish sentiment, describing it as a “Solana gem” with the potential to multiply investment 100 times following its market debut.
This coverage from a respected industry voice provides the project with credibility and visibility, demonstrating its ability to resonate with serious cryptocurrency analysts.
Solaxy Arrives as Excitement Grows Around Solana
After months of turbulent price action, cryptocurrency markets appear to be stabilizing. Solana specifically has posted a modest 1.4% gain over the past week, holding firmly at the psychologically important $125 level.
This price zone carries special significance as it marked the exact support level before Solana’s previous surge to its all-time high of $294.33 in January. Technical analyst Crypto Patel has identified this as “strong support” that could potentially launch Solana toward $500 as market conditions improve.
This stabilization is already benefiting Solana ecosystem projects, with Render and Bonk up 8% this week while Helium has grown 22%.
Given Solaxy’s targeted approach addressing a core infrastructure need and its relatively smaller market capitalization, the project appears uniquely positioned to outperform even these impressive gains during the next market cycle.
For those interested in the token offering, Solaxy provides multiple ways to get involved. Participants can use Solana-compatible wallets, Ethereum-compatible wallets, or direct credit card purchases.
The process begins at the official Solaxy website, where you select your investment amount and preferred payment method. After the presale concludes, tokens are available for claiming.
Regarding security concerns, the project has completed a comprehensive audit through Coinsult, which found no vulnerabilities or issues in the codebase, providing additional confidence for potential participants.
As Solana’s ecosystem continues expanding, Solaxy represents an infrastructure improvement that could dramatically enhance the network’s capabilities.
The post Solaxy is Solana’s Rising Star as L2 Protocol Raises $26M: Best Crypto Presale? appeared first on Coinpedia Fintech News
A promising Layer 2 protocol called Solaxy ($SOLX) has captured attention by raising an impressive $26.8 million during its ongoing token sale. In the same way that L2s such as Base have improved Ethereum’s throughput, Solaxy now promises to do the same for Solana, speeding up transactions and stopping network congestion. Solaxy’s stunning presale, which …
