The Battle between SEC and Ripple Labs Holds Well
On January 15, 2025, we are expected to see the sequel of a trial that seems to affect the entire crypto community.
Ripple Labs, the company behind XRP, has sued and been sued by both the US Securities and Exchange Commission over the nature of cryptos and how they should be treated.
The first decision of the courts had considered XRPs as assets and not as securities so the Commission had no authority to supervise this activity.
If on January 15th, this decision is reversed then the impact on the crypto space will be very large as investors will have yet another headache to manage.
This shows that the legal treatment of cryptos through ETFs is expected to receive more supporters in the near future.
And that's where most of the money will go.
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