קריפּטאָ מאַרקעט נייַעס: The U.S. Securities and Exchange Commission’s (SEC) complaint against Ripple already caused irreversible damage to the XRP community and the crypto market. However, the SEC’s recent enforcement actions against crypto businesses makes one wonder if the companies under question may be in for a long drawn legal fight. Brad Garlinghouse, the Ripple CEO, recently stressed that Ripple could be at an advantage since the XRP lawsuit is in its final stages. The United States market is key to most crypto businesses, despite ongoing efforts to migrate to other jurisdictions.
אויך לייענען: ריפּאַל פּראָצעס פּראָוועס פריי מאַרק טוט נישט עקסיסטירן: קסרפּ אַדוואָקאַט
The Summary Judgement in the lawsuit could be delivered at any time by Judge Analisa Torres, who is overseeing the case. On the flip side, the timeline for the judgment could be dragged as far as the end of the year 2023.
XRP Acceptance After Lawsuit Judgment
John Deaton, the attorney representing XRP token holders in the lawsuit, רייטערייטיד his argument about the damage to Ripple due to the legal concerns. He also cited an example of Rendimento bank not using XRP due to regulatory reasons, despite the bank being the first to use Ripple’s blockchain payments.
“People grossly underestimate the damage the lawsuit has caused Ripple and XRP. People cite Ripple’s growth outside the U.S. but the U.S. market is very important. Ripple isn’t even offering XRP for its own Liquidity Hub platform!”
אויך לייענען: Binance To Suspend Crypto Services For Japan By November 30
די דערלאנגט אינהאַלט קען אַרייַננעמען די פערזענלעכע מיינונג פון די מחבר און איז אונטערטעניק צו די מאַרק צושטאַנד. טאָן דיין מאַרק פאָרשונג איידער ינוועסטינג אין קריפּטאָקוררענסי. דער מחבר אָדער די ויסגאַבע איז ניט פאַראַנטוואָרטלעך פֿאַר דיין פערזענלעכע פינאַנציעל אָנווער.
Source: https://coingape.com/how-xrp-lawsuit-summary-judgment-could-change-ripples-relation-with-banks/