Ripple’s Legal Triumph: XRP’s Victory Over SEC Sets Positive Black Swan Precedent

As the SEC vs. Ripple case approaches its final legal battle after 3 years, this complex case has been viewed by one XRP proponent as a possible positive black swan. Pantera Capital CEO Dan Morehead expects the case to bring forth greater regulatory clarity in the space.

But thus far, many have misunderstood recent developments after Judge Analisa Torres’ July 13 ruling that XRP (XRP) is not a security.

The SEC has since filed an interlocutory appeal challenging the federal court’s decision on XRP’s non-security status. According to the chief technology officer of Ripple Labs David Schwartz, the SEC is seeking an appeal at this specific point based on its interpretation of the legal case which is that the suit is not complete yet for any party.

Yes. A party that loses on any claim or issue in their suit is entitled to appeal any adverse rulings at the conclusion of the suit. The SEC is asking for permission to appeal here because the suit is not complete yet for any party.

You can see why there would be a rule like…

— David "JoelKatz" Schwartz (@JoelKatz) August 18, 2023

Buy XRP quickly and securely with PayPal, credit card or bank transfer at eToro. Visit Website <<As the parties continue to record minor and major victories ahead of the final verdict, experts and investors are sharing their views on how the case will affect XRP and the entire crypto market. Pantera Capital CEO Dan Morehead is one of those who has been has discussed his views. Morehead believes that the case will lead to greater regulatory clarity which he describes as a potential “positive black swan” in the industry.

XRP Win Brings Positive Black Swan – Dan Morehead

The crypto community understands that the outcome of this case will have implications all over the crypto world. This is highlighted by the fact that SEC Chair Gary Gensler earlier this year noted that a majority of cryptocurrencies are securities in the view of the agency. In fact, the agency can only rule out Bitcoin as a non-security. This view has further led to the regulatory agency recently suing Coinbase and Binance for offering securities without a license.

If Ripple wins, and XRP is classified as a non-security, this will set a precedent for a majority of cryptocurrencies on the market. This will introduce the regulatory clarity that the crypto community has been crying out for in the last couple of years. Morehead expects that a win will send a ripple effect across the entire industry, marking a positive black swan event.

“That could be the positive black swan that we’re all concerned about. The next ‘shoe to drop’ could be a nice thing,” Morehead noted.

One positive that the community looks forward to, is the entry of institutional investors. Interest here has been high but many have stayed away citing regulatory risk. Evidence of this is – recent Bitcoin spot ETF filings from some of the largest financial institutions led by BlackRock.

Despite Ripple scoring some major wins and the trajectory of the case pointing to the company ultimately winning, XRP is still struggling. The altcoin has dropped to the $0.55 level, wiping off all post-verdict gains. For long-term holders, this offers a chance to fill their bags at a discount ahead of the next bull run.

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