XRP Wins vs SEC Extremely Bullish Moves On Crypto

Crypto continues to get more and more bullish news. It's honestly only a matter of time now before the bull run really takes off. Between the recent XRP win we got today, a spot Bitcoin ETF and a over extended bear market a bull run is setting up rather nicely.

XRP Ruling

XRP has been in a court battle with the SEC since December 2020 a nearly 3 year long battle (which let me just say now no small company or person would be able to pull off and that's pretty much the broken system here in the US right now)

This win comes to both sides but should give other crypto places and companies a little ammo to fire back with now. In cases like Coinbase vs the SEC and others it's clear now more than ever that the SEC aggressive and unlawful attacks are quickly going to start being shut down and that's exactly the way it should be. The courts are to uphold the law and keep everyone in check. If that should fail the all of democracy would be over and yes I'm sure there are some aspects of it already that are a bit corrupt.

Ripples founder created the token back in 2012 and that the ruling stats that XRP sold on exchanges are not a security as purchasers did not have a reasonable expectation of profit tied to Ripple's efforts.

The big key take away in that argument is that they where blind bid/ask transactions which buyers could not have know if their payments of money went to Ripple or any other seller of XRP.

On the flip side of that the win for the SEC would be that the $728 million of XRP sales to hedge funds and other buyers amounted to unregistered sales of securities. This pitch effort towards institutional investors made it clear the company was pitching speculative value for the XRP token and depended on the companies efforts to develop the blockchain.

It's come down now that XRP is not a security after all of this and from that it's now been relisted on Coinbase and as you can see the overwhelming increase in price right now.

This should give plenty of ammo now in the SEC vs Coinbase case. Moving forward we will most likely see some type of new push to bring this into law from the house. Which is fine but we need to be dead clear on the new law as wrong wording of the law could still usher in attacks on crypto.

Overall this should start a major bull run now or at least restore a lot of hope and remove confusion. From here we soon have the Spot BTC ETFs which are due soon and most likely should pass. There really is no reason for it not to pass now and it was rather soft and lame of a reason the SEC gave in the first place. However that hole has been filled now and there shouldn't be any reason for it not to pass.

That means towards the middle/end of July we should be hitting a stride for a bull run in the crypto markets. Just in time for the normal fall/winter bull run we have all so gotten used to.

What are you thoughts on the ruling?

Posted Using LeoFinance Alpha