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Recently, there has been much speculation surrounding Ripple’s legal battle with the SEC and how it could impact the broader cryptocurrency market. The case may be over, but the implications for other cryptocurrencies are still very much alive, particularly with the SEC’s stance on categorizing cryptos as securities.
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Former SEC Attorney’s Insights on the SEC’s Appeal Strategy
Former SEC attorney Marc Fargel has shared his views on the agency’s potential appeal strategy in light of recent rulings. Fargel suggests that the SEC could appeal the claim they lost regarding programmatic sales, without necessarily questioning whether XRP itself is a security. This strategic move could have significant implications for the future of XRP and other cryptocurrencies in the market.
XRP Price Trends and the Impact of SEC Appeal Plans
As the SEC considers appealing rulings from the Ripple case, XRP price trends are closely watched by investors. If the SEC decides to appeal, XRP’s price could drop towards $0.40. However, if no appeal is filed, XRP could target $1.00, reflecting market sentiment and response to recent legal developments.
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