One of the most talked about cases in the crypto world, the Second and Ripple struggle may be close to the end. According to the latest information, two sources from the SEC, the case may result in a lighter punishment than expected and a possible agreement.
These developments are of great importance for XRP investors. Will XRP be considered as securities or commodities? Does Ripple really get on a deal? As Kriptokoin.com, we examine the latest details about the case and the possible effects on the market.
Will XRP be officially a commodity now?
Andrew shares in the crypto finance world, and said in a statement in the social media platform X, the XRP can now be considered as a more serious commodity. If this happens, the legal status of the XRP will change and its position on the market will become stronger.
As it will be recalled, SEC evaluated Ripple’s XRP sales as a proposal for a securities and accused the company for the sale of illegal securities. However, the new SEC management realized that this case is critical for the future of the crypto currency market.
Now, it is said that SEC can significantly reduce the fine of Ripple. Initially, a very high penalty is on the agenda, while the new administration wants to make a more balanced decision.
The biggest obstacle for ripple: sales restriction
Bill Morgan, an expert on crypto law, reacted to Andrew’s statements, finding the possibility of the XRP as a commodity, but it is still a major problem that the court decision that prevented Ripple’s sales to corporate investors in the United States is still a major problem.
Judge Torres, the ruler of the case, has made a decision that XRP is not in the status of securities, but there is a precautionary decision that restricts Ripple’s selling XRP to corporate investors in the United States. Unless this decision is removed, Ripple’s movement area may be limited.
Fox Business reporter Eleanor Terrett implied that the Ripple case could be concluded very soon. SEC is also reported to work for other major crypto companies such as Coinbase, Binance, Uniswap and Consensys.
Comments different from crypto experts
While the last stages of the case has been reached, crypto experts approach developments from different angles. Yassin Mobarak, the founder of Dizer Capital, said Ripple did not see the potential punishment of $ 125 million as a big problem. According to him, Ripple can easily pay this penalty, and the real problem is that the sales ban continues.
According to Mobarak, Ripple is trying to remove the restrictions on the sale of XRP by conducting negotiations with SEC. If this obstacle is overcome, a new rise period may begin for XRP.
On the other hand, although the famous lawyer Fred Rispoli approaches Andrew’s allegations with suspicion, the positive signals coming from within the SEC are promising for investors.
The latest situation in the Ripple case: Is the big break at the door?
The result of the SEC and Ripple case may be an important turning point not only for XRP, but for the entire crypto currency market. If the XRP is really considered a commodity, this decision may also constitute a legal precedent for other crypto currencies.
The prominent developments are as follows:
- The SEC can significantly reduce the fine of Ripple.
- The acceptance of XRP as a commodity may strengthen its legal status in the market.
- Ripple’s biggest problem is the decision to prevent XRP from the sale of corporate investors in the United States.
- It is claimed that SEC is also trying to end the lawsuits filed for other major crypto companies such as Coinbase and Binance.
In the coming days, it is of great importance how to shape the talks between SEC and Ripple. If Ripple can reach an agreement with the SEC and remove sales restrictions, a large wave of rise in the XRP price may begin!
To be aware of last -minute developments Twitter ‘in, Facebook ‘ Instagram follow and follow Telegram And Youtube Join our channel!
