RippleAnd SECAs the litigation between Will the securities debate ever end?
Cointelegraph Türkiyeapproaching the final step by step RippleAnd SEC He prepared a special news about the case between the two. In this news, it was discussed how much the securities debate on crypto would be affected if Ripple wins the case. To the special news of Cointelegraph Turkey, economist shunt Manukyan, LyteraCo-Founder Doruk IsmenAnd ParibuLegal advisers Mehmet Turkarslan Accompanied. Alright RippleIf he wins the case, can he lift the pressures on crypto?
Towards the Finals in Ripple and SEC Conflict
from 2020ongoing since and thought to end recently Ripple and SECThe lawsuit started to stir the crypto industry. RippleIncreasing rumors that . will win the case, XRPpaved the way for a huge rise.
SEC’s Ripple , which has led to a relentless legal battle that has continued for almost three years. As this lawsuit continues, U.S. regulators’ control over crypto securities pressures began to increase. In the middle of the prints RippleWith .
Ripple If he wins the case, his securities claims may be dropped. This will be enough to ease the pressure on crypto for a while. About this topic Cointelegraph Türkiyeeconomist speaking to shunt Manukyan, Rippledrew attention to the implications of the case. Manukyan, SEC and Ripple case stated that if Ripple wins the case, a relief may come at first. Moreover Manukyan, in the industry 23,000 cryptocurrenciesHe said that some of them are securities and that a significant part of them can be sorted out in the future.
ManukyanHe also stated the following on the subject;
“We see that the staking service is also classified as a security. Therefore, some yield-generating ‘apps’ also carry the risk of being considered as securities, which will not change even if Ripple wins the case.
Finally Manukyanunderlined that stablecoins will also be included in a classification similar to money market funds.
Chances of Ripple winning the case started to make crypto investors hungry day by day. Many investors XRP He believes that can start the crypto bull. The outcome of the case may also set a precedent for regulators. This may serve to relieve some of the regular and harsh regulatory pressures.
Cointelegraph TürkiyeAnother name expressing an opinion on the special news of Lyteraco-founder of Doruk Ismenit happened. Nominally, said the following about the case and the next process;
“After the filing of this lawsuit, Ripple company faced a huge backlash from the crypto ecosystem, although they hoped to gain support by saying that if XRP is a security, then BTC and ETH are securities. After a while, the company abandoned these rhetoric and continued to defend themselves in the case with more peaceful methods by making statements that unite the entire crypto ecosystem.”
Mentioning how the outcome of the lawsuit will affect the markets, Nominally , underlined that there may be a preliminary result that shows the sector which method is correct and which is not. Finally Nominally, “ Thanks to this lawsuit, many crypto startups, developer companies and token issuing foundations took action by establishing different institutions to protect themselves from the definition of securities.”said.
As stated by the people who commented on the news, XRP Although ‘s winning the case allows for certain gains, it does not have the potential to fully solve the securities processes in general. Because the industry consists of thousands of crypto projects and tens of crypto exchanges. Even staking service securitiescan feature.
Cointelegraph TürkiyeIn the special news of ParibuLegal advisers Mehmet Turkarslan‘s comments were also included. Turkarslan underlined that no consensus has yet been reached by the regulators in the world. Moreover Turkarslan, Ripple He said it’s hard to say that the entire industry could be relieved if . However, to TürkarslanAccording to this, this gain may become a premise for regulations.
RippleStating that a new search for the status of crypto assets could begin if . Turkarslan, said:
“People living in this sector do not subject crypto assets to various classifications in classical finance, which I think is the right thing, I do not find it right to try to put crypto assets into categories that are not necessarily in classical finance, contrary to their nature.”
RippleWhile the lawsuit is expected to be concluded soon, Ripple’s lawyer John Deaton ‘s comments were remarkable. Deaton claimed that the case could be concluded in a few weeks and that the result could come this week.
