- 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.
Read CRYPTONEWSLAND on
google news
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.
Read also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
