TL; DR
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The SEC is close to reaching a settlement with Ripple, bringing us one step closer to regulatory adoption in America that will have the power to push the market higher by trillions over the next decade.
Full story
The XRP vs SEC lawsuit is coming to an end!
But most of Crypto Twitter treats it like their uncle who just finalized his divorce after years of separation.
“Wait, I thought you guys were done a long time ago?”
It felt like it was over when the judge ruled audience the sale of XRP tokens was not a violation of securities laws – meaning that the sale of most other crypto tokens would likely receive the same treatment.
(A good thing for everyone’s wallets, as it puts Garry Gensler’s war on crypto in a stranglehold of legal precedence).
The last piece of the puzzle was solving the private selling XRP tokens, which was seen as a crime. The BIG question was: what would the punishment be?
Would XRP…
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Offered for adoption (no longer in existence).
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Or lose their benefits for a few weeks (fine, but still allowed).
Well, we now know it was the latter: Ripple pays a $125 million settlement (pocket money for them).
This means the following for you and your portfolio:
Whether or not you own XRP, this adds even more momentum to the changing approach to crypto regulation in the US.
If a lawsuit were to be a blow in the SEC’s favor, it was this one.
For four years, the impression was that we were about to see a top Jordan (the SEC) take on a benched G-League washout (Ripple).
But it turned out to be one of the famous 9000 shots that Jordan has missed in his career.
And once we see outright adoption of regulation in America, the country will have the power to push the market higher trillions over the next decade.