The Impact of Ethereum on the Results of the Trial Against Ripple
Date: 2024-04-01 Author: Henry Casey Categories: IN WORLD
Journalist's View
Fox Business journalist Charles Gasparino expressed the opinion that the outcome of the lawsuit against Ripple related to the issue of XRP may depend on the decision on Ethereum.
History of the Legal Battle
Last year, the SEC lost its case against Ripple when a judge refused to recognize XRP as investment contracts. However, Gasparino believes the regulator may try to change this outcome.
Possible Developments of Events
Gasparino argues that if SEC Chairman Gary Gensler recognizes Ethereum as a security, it could influence the court's decision in the case against Ripple. The SEC continues to insist that XRP must be classified as a security.
Tension Situations
The SEC has demanded that Ripple be fined $2 billion for selling unregistered securities. Ripple representatives have called the allegations unfounded and the legal proceedings remain underappreciated.
Predictions for the Future
The legal battle between the SEC and Ripple continues to evolve, and the outcome of the case may depend on how the issue of the status of Ethereum is resolved and its impact on the court's decision in the Ripple case.
