Ripple v. SEC: Legal Expert Reveals Why XRP Is The Most Important Altcoin In The Crypto Space
— Crypto, Final, Labs, Important, Legal, Deaton, Expert, Ruling, Space, Reveals — 1 min read
Ripple vs. SEC case has lingered for almost two years now. John E. Deaton, founder of American legal company, Deaton Law Firm, has revealed how important the final ruling is to crypto in general. Deaton notes that if the case goes against XRP, it could spell doom for other altcoins as they could also be classified as ‘unregistered securities” by the SEC and any subsequent ruling by an American court, seeing as the judgments made from some cases are influenced by past rulings on similar issues. Despite the battle, XRP has retained its position as a ‘top-10’ crypto by market valuation. It currently trades at $0.34, gaining by 7% in the past 7 days. Source