Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &

Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &
Key item features Ultimate Security: Generates a private key that remains on the card, safeguarding crypto and NFTs from hackers with EAL6+ certification and audited firmware. Versatile Compatibility: Manages over 13,000 tokens across 70+ blockchains, supporting DeFi, NFTs, and DeEx without wires, Bluetooth, or USB. Effortless Operation: Utilizes NFC for secure transactions via a mobile device and the Tangem app, enabling buying and selling crypto with various payment methods. Smart Backup: Features a second Tangem Wallet as a backup, eliminating the need for paper, pictures, or seed phrases for recovery. Durable Design: Boasts IP68 protection against environmental conditions, ensuring longevity and robust physical security. Comprehensive Support: Compatible with Bitcoin, Ethereum, Solana, XRP, USDT, and over 6,000 cryptocurrencies, integrating with dApps and WalletConnect.

LBANK

LBANK

SEC’s Crossroads On Ripple Case Appeal: Here’s What This Crypto Lawyer Says

Crypto lawyer and XRP advocate John Deaton has put forward a viewpoint, underlining that either of the U.S. Securities and Exchange Commission’s (SEC) probable routes of action in its case against payment company Ripple could significantly influence the future of the crypto landscape.

Deaton’s assertions shed light on the situation’s complexity and the potential impact of the SEC’s final decision.

Potential SEC Paths: Unique Case Argument Or Acceptance Of Verdict?

According to Deaton, the SEC might opt for one of two directions in the aftermath of the SEC vs. Ripple case. One potential route could involve arguing “facts and circumstances” to present XRP’s case as unique.

This argument would assert that the circumstances surrounding XRP and Ripple Labs do not apply to other tokens. If the SEC chooses this path and the appeal is unsuccessful, the decision could have far-reaching effects on other jurisdictions.

The crypto lawyer also suggests another possibility where the SEC may not appeal the decision. This scenario could be interpreted as the SEC’s tacit acceptance of the verdict. On the other hand, an appeal could influence other judges presiding over similar cases, such as the ongoing Coinbase litigation.

Industry Views On The Potential SEC Appeal

The effect of the SEC vs. Ripple case verdict is not lost on other industry stakeholders. Numerous crypto lawyers and critical players have considered the prospect of an SEC appeal.

James Murphy, another advocate in the crypto legal space, suggests that the SEC might file an interlocutory appeal. Contrarily, Jack McDonald, CEO of PolySign, asserts that the regulatory body may aim to isolate the XRP ruling.

McDonald believes the SEC might label the XRP ruling as “exceptionally narrow” and not reflective of the broader crypto ecosystem due to the potentially detrimental implications of this case for the SEC.

Meanwhile, in recent developments, XRP, having experienced a quick spike in its price last week that peaked at $0.9, has since witnessed a downturn. So far, the asset has shed approximately 15% of its value over the past week.

Ripple (XRP)’s price chart on TradingView

Specifically, XRP has experienced a decline from its high of last week to a current trading price of $0.70 as of the time of writing. The market capitalization of XRP currently stands at $36.8 billion, with a 24-hour trading volume of $1.3 billion.

Featured image from iStock, Chart from TradingView



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