As the SEC ends its long-running fight with EthereumIts future is against Ripple and XRP It is still open to debate. Ripple and the SEC are involved in a legal dispute for quite some time. The regulator has dropped its charges against Ethereum. Questions are now being asked about the inconsistent way they regulate cryptos and how XRP is going to be treated.
The SEC has been criticized by crypto experts for being partial in its handling of similar cases, which includes Ripple Labs. Despite its legal fight, Ripple XRP remains a popular crypto asset with investors and is among the top 10 by market capitalization. After the partial approval for Spot Ethereum, rumors spread that XRP would be the next crypto to get a Spot-ETF.
Recent developments suggest the SEC will not be appealing the court ruling that XRP does not qualify as a security. This could lead to a massive increase in the value of the asset. Ripple’s lawsuit against the SEC is expected to have a major impact on future cryptocurrency markets.
Also Read: Ripple: Can XRP Surge to $1 Following SEC Lawsuit Resolution?
Will the End of Ripple’s vs SEC law suit push XRP up?
Ripple’s (XRP), a cryptocurrency, has seen a surprising increase in value over the last week. The asset’s trade volume grew by more than 202% despite a general market decline. The excitement surrounding a possible XRP-based ETF only serves to increase interest in this coin. The coin will then inevitably rise to $0.50 and beyond.
Both Ripple’s CEO and president made recent arguments in favor of a Ripple ETF. He was reported as saying that many other coins would inevitably receive their own ETFs. “People don’t want just exposure to one commodity,” Garlinghouse stated in an interview with Fox Business. He said that. “only makes sense” To give investors more choices to trade, we will add commodities to the marketplace. XRP may be a competitor on the market to ETH or BTC ETFs.
In the end, we’ll have to wait until the Ripple-SEC Lawsuit is officially concluded. The dropping of the charges against XRP indicates that it will be soon.
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Source: watcher.guru
