Important Ripple v. SEC Law Update, Bitcoin (BTC) Price Rally, and More: Bits Recap Oct 17

TL; DR

Ripple and the SEC are entering a new phase in their lawsuit, with motions and appeals extending the case. Bitcoin briefly rose above $68,000, fueling optimism about a potential bull breakout with some analysts predicting new all-time highs. Dogecoin has risen to around $0.13, drawing attention to some bold but more positive forecasts.

Table of Contents

Toggle

In Ripple v. What to Expect on the SEC Front?

The next few days are expected to be very interesting for the lawsuit between Ripple and the US Securities and Exchange Commission (SEC). basis He told Stuart Alderoty (the company's CLO) that the regulator had until today (October 17) to submit a Form C, which “gives some indication of what he plans to appeal.”

After that, Ripple will have seven days to respond in its own Form C, in which it must provide additional information about the termination of the appeal.

Once these processes to find Complete, both parties must to the Agree on a summary schedule. The agency will have 90 days to submit its initial brief, but Ripple will to find A chance to respond after a while. Alderoty believes it will do a full wrap-up process. go over Until July 2025.

Most recently, Fred Rispoli (American lawyer who was (following developments in the case) shared his thoughts on the potential next move from the SEC. He He believes. The Commission upheld Judge Torres' ruling on “programmatic sales,” “other distribution;“ It does not allow demolition, and “very low“ A fine of 125 million dollars.

“You can even see the SEC appeal. XRP It is not security in itself.“ Dictation/Capture. The SEC certainly won't win on this one, but there's nothing stopping them from throwing a few paragraphs into the appellate brief.“ He concluded.

BTC recovery

The major cryptocurrency has been on a tear for the past several days, Advanced $68,000 on October 16. In the following hours, it returned slightly to the current $67,300, but the bulls feel like Stay responsible.

Crypto X is full of analysts who think that the ongoing revival may be the origin of A. Main A bull run. For example, Ali Martinez It is intended A new all-time high near $86,600 should BTC break the $67,400 resistance mark.

Captain Fibic and the Crypto Rover were more optimistic. The former predicted an increase to $90K if BTC “successfully breaks from the broad wedge to the top.”“ Crypto Rover the host $100,000 worth if Donald Trump wins next month's US presidential election.

DOGE's amazing performance

Another cryptocurrency with high profits As of late It is the largest meme coin by market capitalization. – Dogecoin (DOGE). It increased to $0.13 on October 16., It currently trades at around $0.12.

The rally has caught the eye of many industry participants, with some predicting more. Ali Martinez presented Chart showing DOGE likely to rise to $10.

Such a price explosioneven if It needs its market cap to reach a staggering $1.4 trillion, making the forecast highly unlikely.