The case between SEC and Ripple is still open, creating uncertainty in the cryptocurrency market. The wait for the court's decision amplifies investors' concerns.
Uncertainty of SEC and Ripple Case
The legal battle between the U.S. Securities and Exchange Commission and Ripple has no final decision yet. Former SEC attorney Marc Fagel suggests that the court's ruling on the appeal may take weeks or even longer, depending on the court's schedule.
Impact on the Cryptocurrency Market
The lack of an official statement about the appeal's status is delaying the conclusion of the case, causing insecurity within the cryptocurrency community. Ripple investors are eager for the prolonged legal process to end, as this uncertainty affects price fluctuations in cryptocurrencies.
Expert Opinions
Marc Fagel emphasizes that appeals in the U.S. judicial system can take longer than expected. According to Fagel, the rejection of the appeal request is directly related to the court's workload and any supplemental documents submitted by the parties.
The uncertainty surrounding the SEC and Ripple case significantly impacts the cryptocurrency market, and the anticipated court decision will be a key moment for the future of XRP and other digital assets.
