In the fast-paced world of crypto, investors are always on the lookout for the next big thing. However, as the ongoing legal battle between Ripple and the SEC continues to cast a shadow of uncertainty over XRP, Edoardo Farina, CEO of Alpha Lions Academy, is cautioning investors against selling too soon.
According to a twitter post by Farina, selling XRP before the lawsuit concludes could be a costly mistake, despite the protracted nature of the litigation. While some investors are skeptical of Farina’s advice, others see the wisdom in waiting for a resolution.
The question remains: will XRP’s potential for growth be worth the wait?
Legal Hurdles and XRP’s Potential
Veteran traders and analysts within the XRP community widely believe that the lawsuit is a significant roadblock to the asset’s growth. They argue that once these legal hurdles are overcome, XRP will be able to achieve unparalleled heights in the market.
Related: Ripple Vs SEC Lawsuit: What’s Holding Up the Judgment? – Coinpedia Fintech News
As the cryptocurrency sector awaits the final decision in the high-profile lawsuit between Ripple and the SEC, the increasing regulatory uncertainty has already begun impacting Ripple’s business and its relationship with the XRP community.
In a recent congressional hearing, SEC Chairman Gary Gensler refused to provide a definitive answer to the question of whether Ethereum (ETH) is a security, even during his recent testimony before the US House of Representatives Financial Services Committee, as reported by Finbold on April 19.
Related: Pro-XRP Lawyer Explains How Gary Gensler May Face Troubles if Judge Rules Against Ripple – Coinpedia Fintech News
Coinbase Lawsuit Against SEC Boosts XRP Community’s Spirits
The XRP community has been invigorated by the news of US largest exchange Coinbase suing the SEC. Coinbase filed a lawsuit against the SEC in the US Circuit Court on April 24, following a petition for rulemaking submitted to the SEC in July of last year. The petition requested that the regulator draft and approve regulatory guidance for the crypto industry.
Through the lawsuit, Coinbase aims to force the SEC to provide clear answers to a set of questions. This legal action is seen as a positive development for the XRP community, as it may help to bring much-needed regulatory clarity to the cryptocurrency sector.
At the time of writing, XRP’s value has been experiencing a decline. It currently stands at $0.45, down by 1.6% in the last 24 hours and 11.3% over the past week.
