XRP lawsuit news report:With the crypto community waiting for the establishment of control over the digital currency market, the lawyers participating in the SEC and Ripple litigation in the United States issued some warnings. However, the US regulatory authority was named for implementing the encryption standard without providing the established label.
Robert Deaton, a friend of the court in the XRP lawsuit, claimed that the United States was left behind in the market of encryption laws and regulations. Although he firmly believes that the wise choice of encryption control is not easy to quickly become laws and regulations.
When making the timetable, she pointed out that some very clear conclusions might be reached at the beginning in the first or second quarter of 2025. However, it is still too optimistic to get laws and regulations at this time. In addition, it is estimated that the field of digital currency will continue to receive specific guidance, which is also based on the conclusions of the judicial department of the SEC.
The People's Court of the Confederation Region has not ruled on the LBRY lawsuit, Dragonchain lawsuit and the most important Ripple lawsuit. The United States Securities and Exchange Commission is providing specific guidance to the market based on the results of these lawsuits.
However, Deaton called on the encryption community to resist the SEC's application and enforce the current policy. As expected, XRP litigation will play an important role in this process.
Robert Deaton, the lawyer of XRP holder, is part of the lawsuit between SEC and LBRY. Although the simple ruling of this case has been announced, the SEC obtained a very convincing victory from the presiding judge. The committee recognized in the record that many LBC token holders do not consider LBC as a project investment. He uses LBC tokens for trading purposes.
However, the SEC declined to provide very clear information on the secondary sale of LBC tokens.
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Tue, 18 Apr 2023