• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP Under Fire: Experts Critique SEC’s Arguments

user avatar

by Giorgi Kostiuk

19 days ago


The legal battle surrounding the classification of XRP, a cryptocurrency, continues to unfold. The arguments made by the U.S. Securities and Exchange Commission (SEC) have faced criticism from experts.

Critique of SEC's Arguments

Marc Fagel, a former SEC regional director, expressed doubts about the legal grounds upon which the SEC is standing. This sentiment is echoed by various legal scholars who question the validity of the commission's current approach.

John E. Deaton voiced similar views, stating that the SEC's reasoning presented to the judiciary does not hold water. The scrutiny from legal experts has put the pillars of the XRP argument under intense examination.

The SEC’s explanation presented to the court is weak and unconvincing.John E. Deaton

Role of Joint Submissions

The submission lodged by both parties in this legal process marks a pivotal step. Analyzed through an objective lens by experts and market analysts, this submission may significantly guide XRP's legal fate. It highlights the importance of comprehensive and informed documentation when navigating legal landscapes.

Such cases establish vital precedents for future legal actions related to cryptocurrencies. Legal professionals emphasize that the structure and content of these submissions might serve as valuable references in similar processes ahead.

The SEC’s approach in this case and its presented arguments are not as strong as expected.Marc Fagel

Market Reactions

Investors and the crypto community are closely monitoring public declarations and the case’s unfolding narrative. Given the intricate and prolonged nature of the lawsuit, it is imperative to keep an eye on market responses. The legal challenges raised against the SEC’s posture have also instigated wider regulatory discussions in the U.S.

Broadly, this litigation offers fresh insight into the ongoing regulatory discourse shaping the U.S. cryptocurrency sphere. Market participants are particularly attentive to the repercussions such proceedings may bear on crypto market values.

In reviewing the current situation, criticisms directed at the SEC's explanations persist vigorously. Experts suggest that comprehensive submissions and transparent clarifications foster a just legal evaluation. Outcomes from this case carry weight not only for XRP but for the entire digital currency arena.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Monero: Price on Track for $417 Resistance Level

chest

Monero shows signs of forming a bullish rounded bottom pattern, moving towards resistance at $417.

user avatarGiorgi Kostiuk

BTC Bull vs BlockDAG: Hype vs. Reality

chest

BTC Bull is launching soon, while BlockDAG already has an operational ecosystem. Learn what investors should choose.

user avatarGiorgi Kostiuk

New Threats from North Korean Hackers to the Crypto Industry

chest

North Korean hackers use creative methods to infiltrate the crypto industry, posing a significant threat.

user avatarGiorgi Kostiuk

U.S. Hidden Default: Inflation and Debt Challenges

chest

An analysis of U.S. debt obligations and the potential for default driven by inflation and dollar depreciation.

user avatarGiorgi Kostiuk

Ethereum Shows Weak Signals Below $2,550 Resistance

chest

Ethereum has rejected the $2,550 resistance level, indicating a potential move towards the support level at $2,220.

user avatarGiorgi Kostiuk

Useless Coin Surges 1000% Since May Despite Overall Market Decline

chest

Useless Coin's price reached a record $0.25 against a backdrop of market decline, but signs of potential correction are emerging.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.