Are you keeping up with the latest developments in the crypto world? The cryptocurrency is abuzz with all the hype about the potential game-changer that a positive Ripple ruling could be for the industry. As founder of CryptoLaw, John Deaton predicts it could mark the end of crypto’s biggest week ever, with Bitcoin‘s surge past $30,000 and Ethereum‘s highly anticipated Shanghai upgrade already making headlines.
Deaton hopes for a favorable XRP ruling
Deaton took to Twitter to express his enthusiasm for the potential implications of a favorable Ripple ruling, stating that it “could prove to be crypto’s biggest week ever.” With all the positive developments happening in the crypto world, a successful resolution of the SEC lawsuit against Ripple could solidify the industry’s momentum and provide much-needed regulatory clarity.
However, despite the excitement, there is still no concrete timetable for when a ruling may be issued. Deaton suggests it could come anytime between the next 30 to 60 days, and Judge Torres has previously taken a few months to issue her decisions in the case.
Implications of the XRP ruling
A successful outcome for Ripple would bring a sense of stability to the industry and open up new opportunities for digital assets to grow and flourish. It would also serve as a reminder that the crypto market is continuously evolving, and regulatory changes are an essential part of that process.
Related: Ripple CTO Unveils Key Drivers for Boosting XRP Price – Coinpedia Fintech News
As the crypto world waits anxiously for news on the Ripple ruling, there is no doubt that it will be a significant event for the industry. The potential implications of the case could impact crypto markets worldwide and provide a significant boost for those who have invested in digital assets.
Source: https://coinpedia.org/ripple/ripple-vs-sec-crypto-industry-awaits-game-changing-ruling/