The Secret Recipe for XRP case
The SEC has delayed decisions on Bitcoin Spot ETFs for 21 days, affecting applicants like Blackrock, Invesco, Valkyrie, and WisdomTree.
Ripple’s General Counsel Stuart Alderoty shared the recent victory secured by Grayscale against the SEC, which compels the SEC to reevaluate Grayscale’s application for its Spot Bitcoin ETF.
Alderoty believes that regulatory bodies need to be stronger and not have the power to rule the crypto space.
Deaton Calls for Rallying Action
John Deaton, a pro-XRP lawyer, urged people to stand up and fight back against temporary regulators.
Deaton praised Ripple for refusing to settle and going against the SEC’s wishes.
Understanding the Ruling’s Effects
Ripple’s legal victory can serve as a precedent for others in the cryptocurrency industry.
Determination and a proactive approach to regulatory challenges are key to overcoming obstacles.
Hot Take:
The SEC’s delays and recent rulings in favor of crypto show that the market is expecting positive change. Ripple’s legal success highlights the importance of standing up against regulatory bodies and taking a proactive approach to challenges. This victory can serve as a precedent for others in the industry, demonstrating that determination can lead to overcoming regulatory obstacles.
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