– ‘SEC will lose to Ethereum, just like it did to XRP’

Is SEC at the verge of closing the longstanding legal battle with Ripple or is it just a strategic maneuver?and the United States Security and Exchange Commission have been in a continuous legal battle. At present the longstanding conflict has come to a common point with certain remedies which are yet not the final solution of the case.

“#XRPCommunity #SECGov v. #Ripple #XRP The parties have filed a joint sealing proposal “to govern sealing issues relating to the upcoming remedies-related briefing to be filed in this case.”The proposal was submitted to Judge Analisa Torres of the Southern District of New York, U.S. District Court, on the 19th of March. If accepted, sensitive details like Ripple’s finances and XRP sales would remain undisclosed, potentially affecting market sentiment.

“The SEC picked fights with the industry and is losing badly in the Courts. They’re now fighting fellow regulators like the CFTC, and falling behind international counterparts. At what point will the SEC realize they will lose the war against ETH just as they lost against XRP?” Seeing the uncertainty surrounding the regulatory aspect of Ripple’s XRP, the market still seems to be on an upward trajectory highlighting positive sentiment among XRP supporters. At the time of writing, XRP was trading at $0.6214 with a 1.2% hike over the last week., Ripple’s president, recently emphasized the significance of 2024 in the institutionalization of cryptocurrencies.

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