If Ripple wins SEC lawsuit, general cryptocurrency raises a parabola – Gcrypto

[블록미디어]If Ripple wins a lawsuit against Ripple and the US Securities and Exchange Commission (SEC), the cryptocurrency industry will draw a parabola, Gcrypto reported on the 22nd.

Gcrypto reported that David Gokhshtein, founder of Gokstein Media, said, “Ripple’s victory will have a decisive impact on the entire cryptocurrency industry.” He explained that if the court ruled in favor of Ripple, it could fuel a surge in Ripple’s price.

Gcrypto explained that the legal battle between the SEC and Ripple can be brought to an early end with the summary judgment request submitted by both sides. Ripple has won a number of tactical and procedural victories over the SEC. Zcrypto is Gokstein’s opinion, emphasizing that other cryptocurrencies besides Ripple are expected to surge if the court finds that Ripple does not violate federal securities laws.

The cryptocurrency industry and the SEC are at loggerheads over whether cryptocurrencies are securities. The SEC is increasing the intensity of regulations by showing that most coins are securities, and the industry is resisting it. After the SEC sued Ripple and its management for selling XRP, a security, without a report, other companies like Coinbase are also continuously suing for selling unlicensed securities.

Meanwhile, XRP rose more than 30% in the cryptocurrency market, with most stocks down over the past week.

Market analyst Santiment cited the spread of optimism among traders over the Ripple lawsuit as a factor in the recent rise in XRP.

Ripple is showing several positive signs in its recent lawsuit.

The court recently accepted an amicus curiae opinion on a lawsuit filed by the Digital Chamber of Commerce in Washington, a major cryptocurrency lobbying group. In the test, he secured an ally.

It was also reported that Caroline Pam, a member of the Commodity Futures Trading Commission (CFTC), recently visited the Ripple Lab headquarters in San Francisco and met with Ripple CEO Brad Garlinghouse.

Ripple and Garlinghouse express their position that they are aiming for an outright victory rather than a compromise in the lawsuit.

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Ripple (XRP) Soars Due to Goal of “Winning” SEC Lawsuit – Zcrypto

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