The US Securities and Stock Exchange Commission (SEC), Ripple in recent days, while ending the lawsuits for some important crypto currency companies $2.21 The case is still going on. The closure of files related to companies such as Kraken, Cumberland and Consensys raised the question of why a different treatment was made to Ripple. Experts say that the case was kept separate due to structural differences and legal procedures. In the market, the decrease in XRP prices and the increase in transaction volume draws attention.
Why is the Ripple file taken separately?
According to Fox Business reporter Eleanor Terrett’s evaluations, the Ripple case stands out with its structure that is separated from others. Terrett said that SEC has applied a different legal procedure to Ripple and that this situation extends the process. In order to proceed in the case, Judge Analya Torres must request the abolition of the current precautionary measure. This causes the file to be carried out more complex than other companies.
SEC’s lawsuits for other companies ended in a simpler way. The lawsuits filed against Kraken, Cumberland and Consensys were closed before any financial obligation was born. These files concluded by “rejected ve and did not cause additional obligation for companies. However, the situation in the Ripple case is much different; The case draws attention both in terms of the nature of the process and the claims it contains.
According to lawyer Fred Rispoli, it may be possible to conclude the Ripple case within 60 days. However, this time may extend due to sensitive progress of procedural steps. SEC’s different approach to Ripple distinguishes the course of the legal process from others.
While the XRP price decreased, the transaction volume increased
Developments related to the Ripple case are felt not only in the legal field, but also on the crypto money market. The XRP price decreased during the day, while a similar decrease tendency was observed in weekly and monthly graphics. Interestingly, however, the transaction volume increased in the same period. This led to differences in expectation and interpretation among investors.
Analysts say that the price decrease is largely due to the prolongation of the case. Because investors want to shape the future of XRP according to the results of the case. Investment decisions have largely depends on the steps taken by the SEC. This uncertainty increases the mobility in the market.
While some investors see the fall as a purchase opportunity, others are in a cautious waiting. The more Ripple’s case process is prolonged, the more this fragility in the markets can deepen. The scenarios of the future of XRP are shaped not only by the aspect of the legal process, but also by the reactions of the market to this process.
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.
