TL;DR
The SEC is about to settle w/ Ripple, moving us one step closer to cut-n-dry regulatory acceptance in America, which will have the power to push the market up by trillions over the following decade.
Full Story
The XRP vs. SEC lawsuit is coming to an end!
But most of Crypto Twitter is treating it like their uncle that just finalized his divorce after years of being separated.
“Wait, I thought that you guys were long done already?”
It sure felt like it was over when the judge ruled the public sale of XRP tokens were not a securities violation — meaning the sale of most other crypto tokens would probably get the same treatment.
(A great thing for everyone’s portfolios, cause it keeps Garry Gensler’s war on crypto in a chokehold of legal precedence).
The final piece of the puzzle was settling the private sale of XRP tokens, which was seen as a crime. The BIG question was, what’d be the punishment?
Was XRP going to be…
Put up for adoption (sued out of existence).
Or lose their allowance for a few weeks (fined, but still allowed to exist).
Well, we now know it was the latter — Ripple’s paying a $125M settlement (pocket change for them).
Here’s what that means for you and your portfolio:
Whether or not you hold XRP, this adds further momentum to the shifting approach to crypto regulation in the US.
If any lawsuit was going to be a slam dunk in the SEC’s favor, it was this one.
For a solid four years, the impression was we were about to see a prime Jordan (the SEC) go up against a benched G-League wash out (Ripple).
But it turned out to be one of the famed 9000 shots that Jordan missed in his career.
And once we see cut-n-dry regulatory acceptance in America, it’ll have the power to push the market up by trillions over the following decade.
