The lawsuit over the cryptocurrency 'Ripple' has been postponed indefinitely.
As the U.S. court's decision on whether the cryptocurrency Ripple (XRP), currently ranked 6th in market capitalization among all cryptocurrencies, qualifies as a security has been delayed, domestic investors are feeling confused. Predictions suggest that the outcome of the Ripple lawsuit may be postponed until next year, meaning this uncertainty is likely to continue for the time being.
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Experts have varying predictions about the Ripple lawsuit. While Ripple has a fair chance of winning, the SEC's arguments are also valid, making the outcome dependent on the judge's discretion. Additionally, the possibility of a dramatic settlement between the two sides has recently emerged as a new variable.
Pureun “Ian” Hong, managing partner at Decent Law Firm, which specializes in virtual assets, stated, “If Ripple loses, the virtual asset industry will be significantly impacted. Given the potential fallout, the court is likely being cautious about delivering its judgment.”
