For years, a case that has been busy with the agenda of the crypto currency world has finally ended, and this development has excited and hope for investors. US Securities and Stock Exchange Commission‘s (SEC) against Ripple’s case is now officially closed. When this news is heard, those turbulent days of the past inevitably come to mind. Because XRPI cannot forget the uncertainties after the harsh decline in the price of the price and the exchange of Altcoin a madman. But now things seem to change.
Ripple-Sec fight has ended, a brand new era begins
Recently Ripple‘s Chief Law Officer Stuart Alderoty‘s statement made a big impression. In Crypto In One Minute, he clearly announced that SEC had completely closed all crypto currency cases. In fact, a few months ago, the case with withdrawal of the appeal application was last reached, but this explanation almost put the point. There are still those who say “this case is not fully ended ,, but to be honest, this discussion should be closed with Alderoty’s saying“ over ”.
Alderoty underlined that there are missing rules since the beginning of the real problem during the statement. According to experts, the situation was indeed. Selectionhas tried to understand this new world with old laws over the years, but this approach has both damaged the sector and left investors in uncertainty. At this point, it is necessary to note that Alderoty said, iz You cannot punish a sector without rules ”.
Could the XRP ETF be real?
Ripple did not just clean, but also turned into a player who directed the industry. Their active role in the preparation of new crypto currency laws makes its investors and supporters proud. According to Alderoty, the aim is to protect the investor from fraud, to make the market more robust, to prevent illegal transactions and to support innovation. Investors believe this vision because now crypto currencyThe future of the s should be sought not only in price graphics, but also in legal frameworks.
The more promising one is the Chairman of the Ripple Board of Directors Chris LarsenThe new president of SEC was to meet with Paul Atkins. This meeting on May 2 is expected to clarify the status of XRP. The fact that Atkins is a more crypto money -friendly name than Atkins Gary Gensler brings to mind that a real transformation process has begun.
And let’s come to the section where I am most excited about: The possibility of approved by XRP ETF. Bloomberg analyst Eric BalchunasAccording to this year, a Spot XRP ETF is likely to receive approval 85 percent. Imagine that the transformation of XRP into an ETF after such a long trial process is a giant step for both investors and the market.
Currently, XRP is traded for $ 2.23 with an increase of over 3 percent in the last 24 hours.
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.
