Ripple investors and XRP holders are not the only ones with a keen eye on the ongoing battle with the U.S. Securities and Exchange Commission. Big banks are also taking a keen interest.
Late last week, London-based IG Bank published an article on the ongoing Ripple vs. SEC case. The development is interesting because it proves that major financial players still pay attention to the crypto industry.
IG Bank is a Swiss-regulated financial institution offering investments and trading to professional clients.
It noted that an “SEC victory could severely limit the ability of крипто компании to grow.” Furthermore, crypto companies such as Ripple often launch new tokens to generate cash. The bank detailed the case, concluding that:
“A positive outcome for Ripple could see XRP soar, but with the case in the air, this is far from guaranteed.”
Ripple Case Pivotal for the Future of US Fintech
Crypto Law founder and Ripple advocate John Deaton posted an ominous warning over the weekend:
“We will soon witness the final and most aggressive push to shut down crypto,” he said following a White House policy brief on mitigating crypto risks. The statement read:
„Минатата година ја поминавме идентификувајќи ги ризиците од криптовалутите и дејствувавме за да ги ублажиме користејќи ги овластувањата што ги има извршната власт.
The regulatory outlook in the United States is still very unclear. There are negative messages such as this statement and the SEC’s constant cracking down by enforcement. But on the positive side, the newly appointed chair of a House Financial Services Subcommittee on Digital Assets wants to make America the место број еден for fintech innovation.
They can’t have it both ways, which means the Ripple case is even more significant. A positive outcome for Ripple will send the right message to fintech firms, attracting them to the U.S. The opposite outcome will likely result in an exodus of crypto companies and talent.
Изгледи на цената
XRP prices have not moved much over the past day or so. Following a brief spike above $0.42 during the Monday morning Asian trading session, the coin has returned to $0.413.
XRP има стекнато almost 20% over the past month but has not performed as well as other leading assets such as БТК or ЕТХ.
Ripple’s cross-border coin remains down 88% from its January 2018 peak of $3.40.
Општи услови
BeInCrypto се стреми да обезбеди точни и ажурирани информации, но нема да биде одговорен за какви било факти што недостасуваат или неточни информации. Вие се придржувате и разбирате дека треба да користите која било од овие информации на ваш сопствен ризик. Криптовалутите се многу нестабилни финансиски средства, затоа истражувајте и донесувајте свои финансиски одлуки.
Source: https://beincrypto.com/big-banks-eyeing-ripple-court-case-xrp-price-holds-gains/