New developments in the XRP lawsuit: Experts say "This is not as simple as SEC suing Ripple"
For the XRP lawsuit, legal experts have come out to say that don't expect this case to be resolved quickly. He said that although there have been some new developments recently, this is not the main case of "SEC suing Ripple".
The lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has been dragging on for several years. Recently, Ripple has been on the hot search again because the court agreed to speed up the judgment of the XRP lawsuit. Everyone is wondering whether this case can be settled earlier, especially since Gary Gensler, the head of the SEC, is leaving in January, and the timing is quite delicate.
However, legal expert Bill Morgan poured cold water on everyone. He said that this request for accelerated judgment has nothing to do with the SEC suing Ripple. This is a private civil lawsuit in California.
Gary Gensler is leaving, and Ripple fans are starting to wonder again whether this case can be withdrawn. Some legal experts, such as Chris Giancarlo, think the SEC may eventually give up on suing Ripple. He said that if the SEC loses the case, it might as well withdraw and stop worrying about whether XRP is a security. There are also lawyers Fred Rispoli and Jeremy Hogan, who think the SEC may choose to settle and the punishment will be lighter.
In addition to the lawsuit, people are also very interested in the XRP exchange-traded fund (ETF). Companies such as WisdomTree, Bitwise, and Canary Capital have submitted applications for XRP ETFs, hoping to provide XRP with a formal investment channel. However, the SEC has not yet agreed.
In general, the Ripple lawsuit is still dragging on, and the cryptocurrency community is watching. After the Trump administration takes office, the political wind changes. Will XRP and other cryptocurrencies have a better life?
For the next layout direction, I will lead everyone to aim at the profit opportunities of copycats, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and I will lead you to layout the entire bull market!
