Ripple's Win Against SEC Receives Accolades from Industry Stalwarts

Ripple’s Win Against SEC Receives Accolades from Industry Stalwarts

Time Stamp: July 14, 2023 12:52 AM
3 hours ago 1 min read category : News
  • Ripple’s XRP scores a landmark victory over the SEC, reshaping the crypto landscape.
  • The triumph of XRP signifies a new era for cryptocurrencies on exchanges.
  • Ripple’s win against the SEC sets a precedent for future crypto regulations.

In a groundbreaking turn of events, Ripple’s XRP has emerged victorious in its battle against the SEC, marking a new dawn for the world of cryptocurrencies. This landmark ruling has sent ripples through the crypto community, with many hailing it as a watershed moment that could redefine the future of digital currencies.

Cameron Winklevoss, co-founder of Gemini, took to Twitter to express his views on the ruling. He stated that the sale of XRP on exchanges is not a security, implying that the sales of all cryptos on exchanges are not securities. This, he believes, puts the SEC out of jurisdiction over them, relegating it to traditional finance and rendering it a ‘dinosaur regulator’.

Echoing these sentiments, Twitter user and lawyer MetaLawMan congratulated those who fought this long, hard battle against the SEC. He commended Ripple, its General Counsel, and the lawyers for the defendants for their resolute defense. He also praised the XRP community for their unwavering support and determination.

In light of recent developments, the future of Ripple’s XRP in the crypto space looks promising. Experts predict a positive trajectory for XRP’s future trading price, reflecting the growing confidence in Ripple’s network.

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