Ripple vs. SEC dispute: Impact on the cryptocurrency industry
The famous legal battle in the cryptocurrency market
The ruling between Ripple and the U.S. Securities and Exchange Commission (SEC) has become a hot topic on social media. After several months of delays, many users are curious about the impact of the lawsuit on Ripple's business operations. The cryptocurrency market is closely watching every development, especially the legal campaigns that could significantly affect the price of XRP. Investors and analysts are waiting for clear answers from the law to assess XRP's long-term growth potential.
Disaster or opportunity? The reality of the lawsuit's impact
Rumors are strongly circulating that Ripple has lost billions of dollars in revenue due to bans and legal restrictions. Netizens even claim that JP Morgan has shifted its collaboration to Coinbase, causing significant damage to Ripple. However, the reality is not that simple. Coinbase has never been banned from operating or involved in any legal lawsuit, so it can still operate normally. Meanwhile, the allegations of Ripple being contractually canceled or losing market share have yet to provide clear evidence.
The role of law enforcement agencies and the expected future
Some XRP supporters have criticized Judge Analisa Torres for extending the processing time of the lawsuit. They called this action 'quirky' and demanded a corruption investigation. However, former SEC lawyer James Farrell rebutted these accusations. He stated that if Ripple actually loses its contract due to a ban, the company must fully acknowledge the damages in the legal records. Currently, the next steps such as the SEC and Ripple's appeal are still on hold. If the suspension status is lifted, Ripple will respond to the appeal and present its arguments.
Awaiting the final decision of the court
Up to this point, there is no clear evidence showing that Ripple has lost billions of dollars in revenue. The online debates are merely unverified speculation. The biggest challenge will arise when the court decides whether to lift the suspension, opening up a comprehensive legal debate between both parties. The big question remains: Could this lawsuit reshape the future of the cryptocurrency market?
Source: https://tintucbitcoin.com/ripple-mat-tien-vi-kien-sec-dung-hay/
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