The Ripple court case has been occupying the crypto world for some time. New details have now been revealed, which, despite the tough crackdown on Binance and the SEC’s new allegations against other cryptocurrencies, could again cause optimism among investors. How the case could now develop, why XRP could explode and what this all means for the rest of the crypto market is now presented below.
Ripple (XRP) has a good chance in a dispute with the SEC
Recent developments in the Ripple court case have raised new hopes. Especially the so-called Hinman Files played an important role. They refer to William Hinmanformer director of the SEC’s corporate finance division, who in a previous speech did not characterize Ethereum and Bitcoin as securities.
Ripple’s lawyers argue that, if Ethereum, which also conducted an ICO, is not a security, XRP should also not be a security. They aim to use Hinman’s previous statements as evidence that the SEC does not have clear guidelines on cryptocurrencies.
Another win for transparency! Unredacted Hinman emails to be publicly available soon – stay tuned as the lawyers work through the mechanics to make that happen. https://t.co/o6puPypRHd https://t.co/qmaLVeQaP8
— Brad Garlinghouse (@bgarlinghouse) May 16, 2023
In the light of this new information expressed Ripple’s lawyer optimistic about the outcome of the case. He emphasized that these developments could strengthen Ripple’s position because they point to inconsistencies in the SEC’s stance.
According to him, Ripple’s chances are now better, but the final outcome of the case remains uncertain and depends on the interpretation of the court. A win for Ripple could set a significant precedent for the crypto industry and bring further clarity to the regulatory landscape.
In view of this, the recent allegations in dispute with Binance that SOL, MATIC, ADA, BNB, FIL, SAND, MANA, ALGO, BUSD, AXS, COTI and ATOM are also securities, develop more positively again. However, ETH and XRP were not mentioned.
Such statements may also cause fear among crypto investors. In conclusion, these would be in competition with the planned CBDC, i.e. the cryptocurrencies issued by governments. The problem with these, however, lies in the central administration and thus corruptibility, in contrast to the decentralized cryptocurrencies.
Alternatively, invest in the king of memecoins now!
More arguments for a surge in Ripple (XRP)
However, there are other arguments that speak for an increase in Ripple. The Ripple’s partnerships with international banks and financial institutions, which are continuously expanded could drive up the XRP price.
Compared to Bitcoin, XRP also has technological advantages, which could help him climb the crypto top. Its unique consensus algorithm and the fast transaction speedallow XRP to stay competitive and possibly even overtake.
While the crypto industry faces regulatory challenges, XRP appears to be in a better position. Then Ripple is actively working with regulators to ensure transparency and compliance, which could have a positive impact on XRP price.
Wall Street memes are taking the crypto world by storm
Alongside XRP, there is a burgeoning presale that is taking the crypto world by storm. With its unique business model and revolutionary community, this presale offers investors a chance to get involved right from the start.
The one of many already Wall Street memes dubbed the king of memecoins could right from the start due to its large following of 1 million followers already in the first Raised an impressive funding total of over $4.31M in 10 days. Because he is one Symbiosis of the activist small investors from WallStreetBets and as a memecoin a parody of the inflationary fiat currencies they call fraudulent.
The presale builds on the success of the first NFT collection of the team named Wall Street Bulls at. She was after only Sold out in 32 minutes and managed $2.5M from enthusiastic investors. Because the project arose from the WallStreetBets community and also wants to campaign for fairer currency systems, which again represent the interests of the majority instead of the few.
The Memecoin revolutionaries with Robin Hood ambitions draws its value from the community and its combined power. Therefore are also 30% of tokens for rewards for supporters off reserved. In addition, the team also Contact with Elon Muskas can be seen several times on Twitter.
For a short time only, the highly sought-after $WSM tokens can be purchased via the Presale with a discount be acquired. However, due to high demand, a early sale of the presale foreseeable. In addition, quick investors in particular benefit because they can secure the best selling prices.
Secure $WSM with a discount now in good time!
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About the author: Simon Feldhusen first came into contact with the stock market 17 years ago and has been dealing intensively with trading, cryptoassets, stocks, P2P, corporate finance, finance and entrepreneurship on a daily basis for more than 8 years. He has also been working as a copywriter and ghostwriter in the financial sector for several years. During this time he has acquired a diversified knowledge through various training courses on the financial markets and following the daily news. Since then, not a day has gone by that he hasn’t engaged with the markets. He publishes for Finanzen.net, ETF-Nachrichten.de, Coincierge.de and P2E News.com.
