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Author: Admin | 2025-04-27
The significant crypto market uplift at the end of 2020 and throughout the first quarter of 2021. This saw Ripple claw its way back to the $0.62 mark and, whilst this wasn’t quite the $0.64 XRP traded at before the SEC ruling, it was certainly received as a positive sign as to the token’s long-term potential. But things aren’t over yet. Larsen’s lawyers hit back at the initial ruling, claiming that the Justice Department and FinCEN considered XRP as a “virtual currency” rather than a security. They also say that the SEC allowed XRP to flourish without providing legal clarifications.At the time of writing, there was no settlement on the horizon and the discovery period of the trial is set to run until August, with a hearing to follow. As such, any potential investors will need to keep a close eye on proceedings. It should also be noted that the ruling could well have a knock-on effect for how all cryptocurrencies are regulated in the US in future. Ripple vs Ethereum: What the Experts SayRipple (XRP)Inevitably, most expert opinions on Ripple relate to the SEC lawsuit. Prominent blockchain and crypto lawyer Jake Chervinsky has warned that the development could be very negative for Ripple. “If XRP is considered a security, it becomes unnecessary. To date, the alleged violation is a fatal blow,” he said. “The accusations against executive individuals are also noteworthy. SEC is playing hard. ” In addition, Chervinsky stated that if XRP is deemed a security, it will most likely mean that no transactions can be made with anyone doing business in the US.However, there is plenty of optimism surrounding the banker’s cryptocurrency. Pseudonymous trader Kaleo believes XRP is in the right position to make another run at its all-time high (ATH) of $3.84.“The possibility of a breakout leading to a return back to the old ATH is too tempting not to punt a long on,” he told Daily Hodl. Meanwhile, Coindesk reports that Japanese investors are sticking with XRP. “XRP was probably the single most popular token or cryptocurrency in Japan,” commented Mike Kayamori, founder and chief executive officer of crypto trading platform Liquid Global. Meanwhile, Yoshikata Kitao, SBI chief executive officer and board member at Ripple Labs, tweeted that Japan’s financial authority, the FSA, had already made it clear that XRP was not a security. “I’m optimistic that Ripple will prevail in the final ruling in the U.S.,” he added.Don't Miss: Ripple Price PredictionEthereum (ETH)New Zealand-based crypto analyst and influencer Lark Davis is very bullish on ETH. He notes that in March, “we had the second biggest Ethereum outflow from centralized exchanges with 235,000 Ethereum withdrawn in a single hour. When the price went down, buyers
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