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Ripple fends off SEC demands with massive $2 billion fine, as whales shift focus to Shiba Inu and promising AI altcoin InQubeta.
The drama continues between Ripple (XRP) and the US Securities and Exchange Commission. In its final response this week, the fintech company rejected the regulator's request to refund $2 billion in institutional sales of XRP tokens.
In the company's defense, institutional sales of XRP tokens are much lower – only $10 million. The lawsuit also states that the agency is intent on intimidating players in the cryptocurrency market.
Meanwhile, in the cryptocurrency market, whales have turned to Shiba Inu (SHIB) and Cubeta (QUBE) In their quest to achieve huge gains. While SHIB is one of the top coins with great growth prospects, QUBE is a new AI-powered altcoin that is on bullish paths and is set to reshape the fast-rising AI sector.
InQubeta is attracting increasing interest in whales
Cubeta (QUBE) The tickling of whales is not surprising. Its bullish outlook as a combination of AI and cryptocurrency makes it a favorite, not to mention its significant upside potential as a new altcoin.
It recently launched on Uniswap and MEXC after a massive pre-sale, raising $13.6 million. As the price discovery journey begins, retail traders, as well as whales, are gearing up for huge gains. Amid great optimism, analysts expect a 30-fold rise in the coming months.
Besides profit, it will play a vital role in the artificial intelligence sector. The cryptocurrency-based crowdfunding platform will address fundraising challenges, enabling AI technology startups to raise capital through the QUBE token. On the adoption path, it is not surprising that it has been hailed as one of the new leading cryptocurrencies.
Ripple is fending off a $2 billion penalty request from the Securities and Exchange Commission
In the latest development in the legal battle between Ripple (XRP) and the SEC, the fintech company has opposed the agency's request for $2 billion in fines on institutional sales of XRP tokens. It should be noted that in July 2023, the company won a partial victory in the lawsuit. However, she was found guilty of institutional sales of XRP tokens.
As the case continued, the regulator requested $2 billion in its final response. However, this has been duly addressed by Ripple in its latest court filing. The fintech company states that the amount is much lower and that the civil fine should not exceed $10 million.
According to Stuart Aldroty, Ripple's chief legal officer, the SEC's allegations are based on a lost cause. With signs pointing to the end of this legal struggle, Ripple (XRP) has gained momentum. There is a light at the end of the tunnel after all, with XRP ranking as one of the best currencies to invest in – perhaps more compelling than the likes of Wormhole, Starknet and DYM.
Shiba Inu is on the whale radar
Shiba Inu (SHIB), one of the top coins, has captured the attention of major investors. Or whales, in common cryptocurrency parlance. Its meme appeal as a leading dog-themed coin and its significant upside potential has sparked interest.
As it gains momentum and prepares for a big jump, Shiba Inu is one of the altcoins to keep an eye on. Its low price increases its attractiveness, as it is a favorite for retail sale. Whale interest is undoubtedly a bullish indicator, making SHIB a good cryptocurrency to buy.
Conclusion
While Ripple rejects $2 billion SEC claims, whales have shown keen interest in Shiba Inu and InQubeta. On the cusp of exploding, these are some of the leading cryptocurrencies you can buy right now, especially InQubeta.
To learn more, Visit the InQubeta website.
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