{"id":484,"date":"2023-07-13T17:15:04","date_gmt":"2023-07-13T17:15:04","guid":{"rendered":"http:\/\/www.seafan.me\/?p=484"},"modified":"2023-10-14T23:10:17","modified_gmt":"2023-10-14T23:10:17","slug":"a-big-win-for-the-crypto-space-bull-market-is-here","status":"publish","type":"post","link":"http:\/\/www.seafan.me\/index.php\/2023\/07\/13\/a-big-win-for-the-crypto-space-bull-market-is-here\/","title":{"rendered":"A Big Win for the Crypto Space &#038; Ripple Against the SEC; Bull Market is Here!"},"content":{"rendered":"<p><img loading=\"lazy\" width=\"1024\" height=\"536\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"webfeedsFeaturedVisual wp-post-image lazyload\" alt=\"Ripple XRP\" decoding=\"async\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-src=\"http:\/\/www.seafan.me\/wp-content\/uploads\/2023\/07\/Ripple-Releases-1-Billion-XRP-1024x536-1.webp\" data-srcset=\"http:\/\/www.seafan.me\/wp-content\/uploads\/2023\/07\/Ripple-Releases-1-Billion-XRP-1024x536-1.webp 1024w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/07\/03164222\/Ripple-Releases-1-Billion-XRP-300x157.webp 300w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/07\/03164222\/Ripple-Releases-1-Billion-XRP-768x402.webp 768w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/07\/03164222\/Ripple-Releases-1-Billion-XRP-150x79.webp 150w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/07\/03164222\/Ripple-Releases-1-Billion-XRP.webp 1200w\"><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/coinpedia.org\/ripple\/a-big-win-for-the-crypto-space-ripple-against-the-sec-bull-market-is-here\/\">A Big Win for the Crypto Space &#038; Ripple Against the SEC; Bull Market is Here!<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/coinpedia.org\">Coinpedia Fintech News<\/a><\/p>\n<p>The Summary judgment is Out! Ripple Won the lawsuit against the SEC! XRP is not a security!<\/p>\n<p>Yes, finally, the moment has arrived, which was awaited for more than a year. Today, Judge Analisa Torress ruled out the <a href=\"https:\/\/www.dropbox.com\/scl\/fi\/bk1n1qn1tgscrcrrfldr8\/SEC-v.-Ripple-Ruling-on-Motions-for-Summary-Judgment.pdf?dl=0&amp;rlkey=cjyfdw5rl58diqxyi3qfgix7s\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">summary judgment<\/a> and whitewashed the claim that XRP is a security. This is a very big moment for the entire crypto space as if XRP is not a security, neither BTC nor ETC is!<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The most important part of this ruling: <\/p>\n<p>\u201cXRP, as a digital token, is not in and of itself a \u201ccontract, transaction[,] or scheme\u201d that embodies the Howey requirements of an investment contract.\u201d <\/p>\n<p>This is a now a matter of law (not up for trial.)<\/p>\n<p>\u2014 Brad Garlinghouse (@bgarlinghouse) <a href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1679532760732426245?ref_src=twsrc%5Etfw\">July 13, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The judge unequivocally stated that the sales of XRP by Ripple do not constitute an offer of investment contracts. This means that XRP is not considered a security, providing clarity and paving the way for broader adoption. Even though the current ruling is a big win for the company, it is important to note that the lawsuit is not over yet!<\/p>\n<p>While this ruling is a significant step forward, there may be further legal challenges ahead. The final outcome remains uncertain, but the ruling itself is a big milestone. Besides, the native token XRP price quickly gained momentum as the buying volume soared, with a more than 30% jump in the prices. However, it is always better to wait for a correction before jumping on the moving train.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"lazyload\" data-src=\"http:\/\/www.seafan.me\/wp-content\/uploads\/2023\/07\/1pOlouHUFMO4a0KmHytBsBry_gGk0pGzy5l0te4GeVQiojXaVcAfxNP42tpR5QLm8w2CkckCfHwFPA2yyKZ5gVJDP-x5q0PKIg_D_vZ3se0BDHLJ_05z89DiHET5qHa0x6MkfQGhuI154kcUv433Ukw\"><\/figure>\n<p>As seen in the above chart, the <a href=\"https:\/\/coinpedia.org\/price-prediction\/xrp-ripple-price-prediction\/\" target=\"_blank\" rel=\"noreferrer noopener\">XRP price<\/a> exploded immediately after news broke out that the ruling had been produced in favour of the company. The recent pullback below the $0.65 region clearly indicates the presence of bearish dominance at these levels. Hence, a minor correction may be possible to attract liquidity to the platform.\u00a0<\/p>\n<p>The prevailing buying pressure may continue for a while, which may be further fueled by the token XRP being relisted on US-based exchanges. Now that the lawsuit has turned in favour of the crypto, the regulatory clouds over the space may be waning for a while, which may keep up the bullish momentum of the markets, triggering a fresh bull run very soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The post A Big Win for the Crypto Space &#038; Ripple Against the SEC; Bull Market is Here! appeared first on Coinpedia Fintech News The Summary judgment is Out! Ripple Won the lawsuit against the SEC! XRP is not a security! Yes, finally, the moment has arrived, which was awaited for more than a year. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts\/484"}],"collection":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/comments?post=484"}],"version-history":[{"count":3,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts\/484\/revisions"}],"predecessor-version":[{"id":491,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/posts\/484\/revisions\/491"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/media\/486"}],"wp:attachment":[{"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/media?parent=484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/categories?post=484"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.seafan.me\/index.php\/wp-json\/wp\/v2\/tags?post=484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}