Law Daily Report

Ripple CEO Celebrates 'Summer of Justice' as Legal Tides Turn Against SEC

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Ripple CEO Brad Garlinghouse has dubbed this season a 'Summer of Justice' for the cryptocurrency industry

The court's decision, which described the SEC's denial as"arbitrary and capricious," has been widely seen as a potential turning point in cryptocurrency regulation.As reported by U.Today, Bitcoin's price soared, topping the much-coveted $28,000 level.

Yet, legal experts warn that these rulings do not guarantee an immediate green light for a spot Bitcoin ETF since there are more issues that could be sorted out. Moreover, the SEC could still appeal the ruling. Despite Garlinghouse's optimistic"Summer of Justice" outlook, the path toward streamlined, sensible cryptocurrency regulation is far from straightforward.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 295. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is This Whale Planning to Dispose $15 Million Worth of Ripple (XRP)?XRP's price has already been showing signs of weeknesses, erasing all the gains charted after the partial court victory against the SEC.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Lawyer Breaks Down Secret XRP Memo and Private SEC Meeting With RippleThe SEC itself may have had a hard time deciding whether XRP was a security back in 2018.
Source: Crypto_Potato - 🏆 568. / 51 Read more »