The crypto community continues to focus on the protracted XRP lawsuit. Following Trump’s inauguration and the resignation of SEC Chairman Gary Gensler, XRP supporters are $0.010901 expects the SEC case to be concluded soon.
Securities Lawyer and Ripple
Securities lawyer Marc Fagel warned about the unpredictable nature of the SEC case with Ripple, predicting that the case could last up to 10 more months. He also touched on the possibility of the case being concluded sooner under the Trump administration if new SEC Chairman Paul Atkins chooses to drop the appeal.
The memecoin frenzy following Donald Trump’s TRUMP token launch has prompted XRP lawyers to carefully examine the possible outcome of the case. Attorney Bill Morgan has expressed concerns about the meme coin’s impact on the XRP case, asking Congress to adopt clearer crypto guidelines. At the same time, XRP supporter John Deaton emphasized that meme coin regulations should take priority over other issues such as SAB 121, CFTC oversight, and tax reform.
Ripple Case and Cryptocurrencies
The outcome of the lawsuit between Ripple and the SEC is expected to have a broad impact on the crypto market, especially in the regulatory area. Ripple’s victory against the SEC could set a legal precedent for other cryptocurrencies and clarify the issue of defining crypto assets as securities. However, if Ripple loses against the SEC, there is a slight possibility that a stricter regulatory environment will begin and significant challenges will arise for cryptocurrencies.
The discussion, which started with Fox Business journalist Eleanor Terrett’s post about Trump’s TRUMP token, quickly expanded to topics such as the Ripple and SEC lawsuit, Elon Musk’s ongoing fight with the SEC, and the general effects of crypto regulations. While Marc Fagel stated that Ripple violated the law and Elon Musk was also accused of securities fraud, he shared the view that billionaires and financially strong companies were exempt.
Eric Trump called the TRUMP token “the world’s most hyped crypto meme coin,” while Marc Fagel criticized this token as a “pyramid scheme.” These differing opinions have led to various debates about the place and influence of meme coins in the crypto world.
The outcome of the lawsuit between Ripple and the SEC could be decisive not only for Ripple, but for the entire crypto market. Both the outcome of the case and new regulatory approaches could shape the future development of cryptocurrencies.
With the conclusion of the case, the crypto community and investors will get a clearer picture of how regulations will take shape. This process is considered a critical period to understand the legal status of crypto assets and their impact on the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
