The US Securities and Stock Exchange Commission (SEC) against the Ripple company against the company has experienced a significant development. Ripple’s Chief Legal Authority (CLO) Stuart Alderoty announced that the company has dealt with the control of the legal process after SEC’s withdrawal of appeal.
SEC gave up the appeal in the Ripple case
As Kriptokoin.com, SEC, as we have conveyed, withdrew the appeal against Ripple after a long -standing legal struggle. This decision is considered as a major gain for Ripple, but also contribute to the reduction of regulatory uncertainties for XRP. The backstake of SEC will strengthen Ripple’s legal position, while the company will focus on the growth strategies.
What about Ripple’s legal strategy?
Ripple’s chief law official Stuart Alderoty considered SEC’s abandonment as a positive development. However, there are still critical decisions in front of Ripple. The Company may evaluate more legal gains by making a cross -appeal against the appeal, or may tend to compromise with the SEC to complete the current legal process.
Alderoty said that the company’s assessment of how the company will follow the 125 million dollar penalty and XRP’s corporate sales of the court decision. Ripple’s steps are of great importance for both its legal future and the crypto currency sector.
Ripple company’s chance of approval for XRP ETF increases
The SEC’s withdrawal of appeal applications increased the likelihood of XRP -based stock exchange investment funds (ETF). Bitwise, Wisdomree, 21shares, Proshares, Franklin Templeton, Canary Capital, Coinshares and Volatility Shares, such as major financial companies, XRP ETFs, while maintaining applications, SEC’s final decision can accelerate this process.
Following the latest developments, the probability of approval of the XRP ETF on Polymarket rose from 77 percent to 79 percent. Market analysts predict that regulatory barriers to XRP may decrease and investor confidence may increase after Ripple’s legal victory.
Ripple’s legal strategy and the reactions of the SEC to this decision will be decisive for the crypto money market.
