Are We Finally Close to XRP’s Legal Resolution?
Ripple (XRP) buzzed again, this time with the legal drama of the US SEC. Investors are eagerly awaiting whether the SEC will eventually abandon its decade-long case against Ripple.
Some even say other crypto lawsuits, such as those against Coinbase and Binance, may also be dismissed. But, more than we have seen, the SEC seems to be in pause mode, with top lawyers thinking they know why. Let’s get a deeper look at the opinions.
What has the SEC slowed down?
The delay is not only random – this has a lot to do with the changes happening within the SEC. Recently, SEC and Binance agreed Suspend their case for 60 daysrumored that something bigger was brewing. Pro-XRP lawyer James Murphy also known as Metalawman This pause is considered strategic. he believe SEC is waiting Paul Atkins Be sure to be the new SEC chairman before any major moves are taken. The idea is that the SEC hopes that stable leadership can support such a major decision.
Additionally, after one person formally confirmed, everyone was waiting for Paul Atkins, and experts believe the SEC could quickly dismiss these crypto lawsuits. According to Murphy, Atkins’ confirmation may take place in less than 60 days. At the same time, people are watching Joint litigation Close contact, especially the deadline for February 14 is imminent. However, if Coinbase’s appeal request is accepted, the SEC may not need to do much before Atkins takes over.
The lawyer disagrees with the behavior
Not everyone agrees with why the SEC is delaying. XRP Attorney Bill Morgan question Why can’t the SEC just vote to dismiss a case now. Murphy believes there is no real legal barrier – the SEC can take action. But former SEC attorney Marc Fagel pointed out that dismissing the lawsuit requires a formal specialist vote, which is different from other unwanted rulings. So, technically, the SEC can move forward, but they may choose to wait for Atkins to avoid any internal conflicts.
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The current sentiment of XRP
Despite delays in litigation, crypto expert Egrag Crypto predict The maximum gain of XRP suggests that it could reach double digits in this cycle, or even triple digits in the future. He used graphic patterns like “cup pattern” to explain Price of XRP After the breakthrough, the movement is unfolding. His analysis notes that based on technical indicators and data, the initial potential price target initially was $13, with the possibility ranging from $32 to $110.
At the same time, more and more rumors show XRP ETFs may be approved soonwhich may mean that Ripple is close to the end of the SEC case. The SEC needs to resolve the case before approving the XRP ETF. XRP prices are also waiting for this decision, as positive results may increase it.
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