Ripple’s legal battle with the SEC has been ongoing for three years, and the outcome of the case will have a major impact on the crypto industry. According to Pantera Capital CEO Dan Morehead, a win for Ripple could be a “positive black swan” that leads to greater regulatory clarity.The SEC has filed an interlocutory appeal challenging the federal court’s decision on XRP’s non-security status. Ripple CTO David Schwartz believes that the SEC is seeking an appeal at this specific point based on its interpretation of the legal case.Morehead believes that a win for Ripple will set a precedent for a majority of cryptocurrencies on the market, introducing the regulatory clarity that the crypto community has been seeking. He believes that this could be a “positive black swan” event for the industry.Despite Ripple scoring some major wins, XRP is still struggling and has dropped to the $0.55 level. This offers a chance for long-term holders to fill their bags at a discount ahead of the next bull run.The outcome of the case could also lead to the entry of institutional investors, as evidenced by recent Bitcoin spot ETF filings from some of the largest financial institutions.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
positive |
| Relevance Score |
8 |
| People |
Dan Morehead, Gary Gensler, David Schwartz, Analisa Torres, BlackRock |
| Companies |
Ripple, Pantera Capital, SEC, Coinbase, Binance, eToro, BlackRock, FAC, FINRA |
| Currencies |
XRP, Bitcoin, Ethereum, USD, FINRA |
| Securities |
None |
