The legal process between XRP, one of the most debated cases in the crypto currency market and the US Securities and the Stock Exchange Commission (SEC), is approaching the end. Specialist Andrew Ap Abacus, according to information, SEC sources suggest that the case will soon result. This development is of great importance in terms of its effects on the legal status of XRP and the regulations in the crypto currency market.
XRP’s legal status may change
One of the most remarkable possibilities in the case process is the possibility of XRP’s acceptance as commodity. If the court considers XRP as commodities, it will not be seen as securities by regulatory institutions. This is Ripple $2.33 And XRP is interpreted as a positive development for investors.
Lawyers and market analysts say that this possibility will have a wide range of effects on the crypto currency market. If the XRP gains the status of commodity, it may also be a precedent in lawsuits filed for SEC for other crypto currency projects. Such a decision may prepare the ground for the formation of clearer regulatory frameworks in the sector.
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Some of the names in the SEC can take a more cautious approach to crypto currencies with the new administration. This shows that the result of the XRP case can be a turning point for the market.
It is expected to reduce the amount of penalties
Within the scope of the case, the fine expected to be given to Ripple is among the issues discussed. It is said that the sentence of 125 million dollars, which was previously determined by Judge Analisa Torres, could be reduced in the light of new assessments. Lawyers emphasize that this punishment constitutes an important financial burden for Ripple and that the discount may positively affect the company’s financial power.
Ripple’s lawyers, while offering new arguments for the reduction of the penalty, SEC may approach the issue more flexible. In particular, the possibility of adopting a more conciliatory attitude with the changing management of the SEC may ensure that the process is in favor of Ripple. If the penalty is reduced as expected, Ripple’s effect on the market may also increase.
These developments during the trial process are closely monitored by crypto currency investors. The clarification of the legal situation of XRP will be an important indicator for both investors and other projects in the sector. Experts think that the final decision will be a critical turn for the future of the crypto money market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
