Scott Melker, better known as The Wolf of All Streets, the cryptocurrency industry must immediately respond. That’s what he declared in the event that this doesn’t occur now then it is plausible that the US clients will be left exclusively with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Money (BCH) as a choice to exchange. He emphasized that these four assets are traded on the EDX cryptocurrency exchange, which is run by Charles Schwab, Citadel, and Fidelity. Gary Gensler, The Wolf of All Streets’ new US SEC Chair, has previously referred to BTC, ETH, LTC, and BCH as commodities.
In the XRP lawsuit, big cryptocurrencies will benefit if the SEC rules in Ripple’s favour
In the XRP lawsuit, Amicus Curiae John Deaton highlighted the significance of a verdict for major cryptocurrencies like Solana (SOL), Polygon (MATIC), and Cardano (ADA). However, he mentioned that the anti-crypto campaign and US SEC Chair Senator Elizabeth Warren will gain the upper hand if the outcome is negative for XRP rather than Ripple.
In the meantime, other tokens will benefit if XRP receives a favourable ruling. The other cryptocurrencies’ fight against the SEC’s allegations will be guided by a ruling in Ripple’s favour and clarity regarding the nature of the XRP token.
Source: https://www.cryptoknowmics.com/news/xrp-lawsuit-verdict-pivotal-for-major-cryptos-beyond-btc-eth-ltc