- Ashley Prosper predicts the SEC’s motion for an interlocutory appeal against Ripple will be denied.
- Ripple’s CTO, David Schwartz, claims XRP has unique regulatory clarity in the U.S., excluding Bitcoin.
- The Ripple-SEC case has emerged as a potential precedent-setter in the definition of cryptocurrency securities.
Ashley Prosper, a well-known cryptocurrency commentator, recently made a daring prediction regarding Ripple’s ongoing legal tangle with the SEC. On the other side, David Schwartz, Ripple’s Chief Technology Officer, contends that XRP now joins Bitcoin as one of the few digital assets with clear regulatory guidelines in the U.S.
The SEC has relentlessly pursued Ripple since December 2020, accusing the company of executing securities transactions through XRP. However, Ripple tenaciously resists these claims, particularly the SEC’s attempt for an interlocutory appeal.
Prosper’s prediction suggests the SEC only has a 10-day window to appeal, which she believes will be in vain. She even teases the likelihood of an out-of-court settlement, creating a buzz in the digital asset community.
This divisive case serves as a discussion fulcrum regarding what qualifies as a security. In fact, the Ripple vs SEC faceoff might well become a defining moment for cryptocurrency regulation in the United States.
With regulatory clarity and strong defense strategies, Ripple and XRP could set a new paradigm in cryptocurrency legislation, providing a framework for future digital assets.
