<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
The longer the&nbsp;<a href="https://u.today/36-billion-xrp-in-24-hours-whats-happening" rel="noopener noreferrer nofollow">Ripple vs. SEC</a> legal battle continues, the more the crypto space is filled with various speculations, rumors, uncertainties and doubts on this matter. Earlier, it was expected that the case would finally be resolved in July this year - the anniversary of the previous ruling when&nbsp;<a href="https://u.today/btc-xrp-and-shib-outshined-by-14-bitcoin-cash-bch-surge" rel="noopener noreferrer nofollow">XRP</a> was recognized as a nonsecurity.&nbsp;
This did not happen, and as a result, the sentiment of market participants turned rather negative regarding the imminent end of the whole case.
The absence of truthful news on the side of the case leads to the filling of this empty space with rumors, as it has been said, and this time it was that XRP is about to become the only digital asset with full regulatory clarity. More to the point, the talk that the SEC will not appeal the decision due to the "weakness of their case" has also emerged.
<h2 dir="ltr" id="no-time-for-incorrect-information">No time for incorrect information</h2>
<a href="https://x.com/Belisarius2020/status/1817859395331723483" rel="noopener noreferrer nofollow">Bill Morgan</a>, prominent XRP enthusiast and lawyer, stepped in to debunk these speculations. Thus, in a recent X post, he said that the point that XRP will soon get regulatory clarity is wrong, as the token already has legal clarity.&nbsp;
Moreover, according to Morgan, courts do not provide regulatory clarity, and whatever the judge decides on remedies, sales of XRP can still be investment contracts.
Regarding a potential appeal, the lawyer said that there could very well be an SEC and&nbsp;<a href="https://u.today/ripple-leader-reveals-untold-beauty-of-bitcoin" rel="noopener noreferrer nofollow">Ripple</a> filing. It is a matter of contention and debate whether the SEC's prospects are strong or weak, argues Morgan.

Ripple v. SEC: XRP Lawyer Debunks Viral Rumors

Table of Contents

U_Today

Outros artigos publicados em 29 de jul. de 2024

Today’s Hottest Crypto GEMS: Invest Now for 100x Returns!

Stocks to Watch Today: Disney, Tesla, and onsemi

Hong Kong Set to Launch Asia’s First Bitcoin Futures Inverse Product: What it Means for Traders

Big Week: Key Things to Watch for Crypto Investors

Senator Cynthia Lummis Proposes Bitcoin Solution As US Debt Hits $35 Tln

Weekly Article Recap: 7/22-7/26

Join our free newsletter for daily crypto updates!