The crypto group’s focus remains to be on the extended XRP lawsuit regardless of the thrill surrounding Donald Trump’s TRUMP memecoin launch. With Trump’s inauguration and SEC Chair Gary Gensler’s resignation, the XRPArmy anticipates an imminent decision within the Ripple vs SEC case.
However, authorized specialists equivalent to Securities legal professional Marc Fagel warn in regards to the Ripple vs SEC case’s unpredictable nature, predicting a potential 10-month delay. The controversy surrounding Trump’s token launch has reignited the dialogue on the much-awaited XRP lawsuit settlement.
Securities Lawyer Predicts 10-Month Delay in Ripple vs SEC Case
In an X post, Marc Fagel emphasised the unsure nature of the Ripple vs SEC case, positing that the case might be additional extended to 10 months. He has additionally commented on the potential of a sooner settlement below the Trump authorities if the brand new SEC Chair Paul Atkins opts to drop the enchantment.
The dialogue started with Fox Business journalist Eleanor Terrett’s put up on Trump’s TRUMP token. While Eric Trump hailed the TRUMP coin because the “hottest digital meme on earth,” Fagel dismissed it as a “pyramid scheme.”
🚨NEW: @EricTrump has formally commented on the launch of the $TRUMP token, calling it “the hottest digital meme on earth.”
It’s actual. https://t.co/iAXrFwcnjh
— Eleanor Terrett (@EleanorTerrett) January 18, 2025
The dialog rapidly escalated right into a debate about sizzling matters, together with the Ripple vs SEC case, Elon Musk’s ongoing battle with the SEC, and the broader implications of crypto laws. Marc Fagel wrote,
Ripple broke the legislation, as a federal court docket confirmed. Musk, beforehand charged with securities fraud and thus a repeat offender, appears to have fairly clearly damaged the legislation. But I assume we simply give billionaires and well-financed firms a move.
How Trump’s Memecoin Will Impact XRP Lawsuit?
Following the latest memecoin frenzy triggered by the TRUMP token, XRP legal professionals are carefully analyzing the potential consequence of the XRP lawsuit. For occasion, legal professional Bill Morgan raised issues over the memecoin’s impression, urging Congress to undertake clearer crypto tips. At the identical time, pro-XRP advocate John Deaton emphasized his choice for memecoin laws over different issues like SAB 121, CFTC oversight, and tax reform.
Ripple Lawsuit’s Broader Impact on Crypto Market
The Ripple vs SEC case conclusion may have a broader impression on the crypto market, particularly within the regulatory panorama. Ripple’s win over the SEC may set up a authorized precedent for different cryptocurrencies, clarifying digital property as non-securities. However, if Ripple loses to the SEC, it may usher in a stricter regulatory surroundings, posing important challenges for cryptocurrencies.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of expertise in blockchain, web3, and fintech spheres. She has established herself as a educated and interesting voice within the cryptocurrency and blockchain area. Her expertise as an Assistant Professor in English Language and Literature has additional added to her quest for crafting informative, well-researched, and accessible content material.
Disclaimer: The offered content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty in your private monetary loss.
