Regulatory discussions continue to shape the agenda for cryptocurrency markets. Especially after the Ripple case, these discussions seem to gain momentum.
Cryptocurrency investors around the world are closely following developments that are likely to affect the future of the markets. In this context, it is seen that regulation studies come to the fore among the relevant topics. In the lawsuit filed by the US Securities and Exchange Commission (SEC) against the cryptocurrency XRP last month, it is said that the markets have entered a new era in terms of regulations, with the decision that XRP does not violate the securities law. So what do these developments mean for the ecosystem?
Global crypto exchange Mamoru Türkiye Country Manager Baran Yıldırımmade important statements about the possible effects of the lawsuit decision on regulations.
Partial victory for Ripple: A new era in the markets
Global crypto exchange Mamoru Türkiye Country Manager Baran Yıldırım, said the following about the Ripple case;
Since the day Bitcoin emerged with its revolutionary qualities, we see that the crypto money markets have made a serious development. For a long time, we have seen that the spokespersons of relevant public institutions, financial experts and investors in the markets have been making statements about the scenarios for the future of cryptocurrencies. Of course, these discourses also play an active role in creating public opinion about cryptocurrencies. As Mamoru, we have the opportunity to observe the public response of these discourses during our business processes.
Yıldırım also stated that the Ripple case, which has been on the agenda of the crypto market for a long time, caused speculation. Yıldırım stated that on the investor side, concerns arose because of this lawsuit. Referring to the decisions taken in the case last month, Yıldırım stated that a different period could begin with the positive court decision stating that Ripple did not violate the federal securities law.
XRPreferring to the status of LighteningHe said that the case could offer clarity on the classification and regulation of digital assets in the coming period. LighteningAccording to , this case could set a precedent for cryptocurrencies.
Finally, Yıldırım stated the following regarding the Ripple case;
With the conclusion of the lawsuits that occupy the agenda of the sector, some question marks in the minds of stakeholders in the ecosystem will be answered. The legal approaches of the authorities will give important clues about the public’s perspective on regulation. Especially after the events in the Ripple case, we can expect to see a more positive approach in the steps to be taken by the authorities as stakeholders in the ecosystem.
