Legal Analyst: If Ripple and XRP Lost the SEC Case, Anti-Crypto Army Would Be “Out in Full Force”

It’s a booming time for Ripple, with its majority of suits brought by the United States Securities and Exchange Commission recently being acquitted on the back of Judge Torres’ verdict, leaving XRP free to continue circulating on crypto-exchanges and enjoyed by retail investors.

Legal specialist John E. Deaton begs to differ, exploring what could have happened in alternate future if Judge Torres ruled for the SEC: opposition to crypto-ventures intensified, and staunch disbelievers against the false “vaporware” backed by none other than SEC Chairman Jay Clayton and Elizabeth Warren, rabble-rousing Democratic Senator known for her belligerence toward the crypto-sphere.

Deaton hasn’t been wrong that Judge Torres getaway proves of monumental importance for crypto, seeing as his appraisal suggests, “the most significant non-fraud SEC enforcement action in modern history”. Following the announcement, XRP surged to $0.93, and as of now standard indicators comfortably sit at familiar quarters per CoinMarketCap, with the price at $0.703221, market cap of $37,060,272,128 and 3.011% market dominance.

Even with the draw-backs, industry front-runners posit that XRP and Ripple are on the path to recouping, most likely setting paths for potential new All-Time Highs in the near future.

Robert Wilson author
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