US Securities and Stock Exchange Commission (SEC) and Ripple $2.13 The case between the crypto currency market continues to evoke a great impact. Although SEC rapidly resolved some other cases, the legal process related to the XRP is expected to take longer due to the complexity. Legal experts draw attention to the difficulties of opinion and negotiation process within the scope of the case.
Reasons for SEC’s postponement of the XRP case
The SEC had previously taken positive steps towards the crypto currency market, evaluated ETF applications and ended some investigations. However, the situation is different in the XRP case. Law expert James Murphy says that the provisions to be applied after the decision about whether Ripple will be considered as securities, extends the negotiation process.
According to Murphy, Ripple is the only crypto currency lawsuit that is currently negotiated on a court decision that is currently finalized by SEC. For this reason, it takes time for the parties to agree on the process of paying compensation and the application of the decision. It is seen that SEC has acted more cautiously in this process compared to previous cases.
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Conflicts of interest and effects on the case
The conflicts of interest in SEC increase the question marks for the Ripple case. Empower Oversight, former SEC Manager Bill Hinman’ın XRP’ye prejudiced. Hinman’s Bitcoin 
$88,007.81 and Ethereum 
$2,401.84‘s defense that there is no securities, strengthens the allegations that XRP is targeted.
This led to controversy on whether the SEC was neutral. The Ripple defense team emphasizes that there is inconsistency in the decisions of the SEC in the documents submitted to the court. Some investors in the crypto currency market think that the impact of SEC’s decisions on the market is far from being transparent.
On the other hand, SEC’s abolition of charges against Coinbase and the closure of the investigation into Robinhood shows that some cases are concluded faster. The reason why the XRP case is discussed differently from these processes continues to be a matter of curiosity.
While the uncertainty for crypto currency regulations in the United States continues, how the XRP case process will be shaped is closely monitored by investors and market experts.
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.
