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SEC continues to appeal, suing XRP! !
This battle with the US Securities and Exchange Commission is not easy. If Ripple does not win all the cases, they may need to continue to appeal to higher courts, such as the US Supreme Court.
Why the SEC's position and judgment in this lawsuit are questioned. The case between Ripple and the SEC has had a wide-ranging impact on the cryptocurrency world:
Cryptocurrency exchanges After Ripple won the case, XRP was able to return to the market, and large exchanges such as Coinbase and Kraken also relisted XRP. This decision provides exchanges with clearer guidance on which cryptocurrencies can be safely traded.
Cryptocurrency companies and ETFs Ripple's victory is good news for the cryptocurrency industry, because if XRP is not considered a security, other cryptocurrencies may also avoid SEC lawsuits. This may prompt the launch of more cryptocurrency ETFs, and large investment companies may also be more willing to launch cryptocurrency ETFs other than Bitcoin and Ethereum.
Blockchain industry Developers can now build new DeFi projects and applications more freely without worrying about being stopped by the SEC. At the same time, blockchain companies have a clearer understanding of the boundaries between legal and illegal behavior, and regulatory pressure has eased.
Traders and users As the legal environment becomes clearer, people's confidence in investing in cryptocurrencies has increased. The return of XRP may also prompt banks and companies to use it more frequently for payments.
NFT market Ripple's blockchain supports NFTs, and as the legal status of XRP becomes clearer, more creators may choose to use it. At the same time, the legal risks faced by NFT-related tokens may also decrease.
Stock market and finance The share prices of cryptocurrency-related stocks may rise as the regulatory environment improves. In addition, traditional financial institutions may also begin to use cryptocurrency-driven payment systems more.
Crypto wallets and payments More wallets and payment applications may integrate XRP to make their payments more convenient. Ripple may also work with more banks around the world to further promote the popularity of XRP.
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