Ripple's victory in the lawsuit against SEC has sparked intense discussions regarding XRP's status, especially among crypto investors, and revived disputes with Bitcoin maximalists.
Debates Between XRP and Bitcoin Supporters
Pro-XRP lawyer Bill Morgan emphasized that XRP will never be classified as securities, stating: “XRP itself was, is, and forever will be, not a security” (CITE_W_A). His comments followed accusations from Bitcoin community figure Adam Livingston that Ripple may prepare to dump XRP holdings onto retail markets.
Market Response to the News
Following the news of Ripple's victory, XRP surged 13%, reaching $3.35, with daily trading volume spiking by 168% to over $11 billion. The market is also buzzing with discussions about BlackRock potentially filing for an XRP ETF, which, if confirmed, would enhance institutional investor confidence in the token.
XRP's Future Post-Trial
With the conclusion of the Ripple vs. SEC case, focus shifts to institutional adoption of XRP. Bloomberg analysts estimate a 95% probability of ETF approval, reflecting growing investor confidence. Morgan commended the XRP community for their resilience amidst uncertainty, while also criticizing habitual detractors.
The legal clarity surrounding XRP opens new avenues for institutional investments, partnerships, and advancing DeFi and merchant utility for the token.
