“A win for the SEC could also impact other altcoins as they will likely be subject to more regulation,” Markus Thielen, head of research and strategy at crypto-services provider Matrixport, wrote in a note to clients on Monday. “However, if Ripple is successful in this case, XRP’s legality in the U.S. market will be solidified and help drive a price rally.”
Related posts
-
Deadline Looms for Biden to Veto Congressional Overturn of SEC’s Crypto Rules
The deadline for President Joe Biden to decide whether... -
Expert Says Peer-to-Peer Nature of Crypto Activity Renders China’s Ban Ineffective
Continuing raids in China on alleged underground gangs using... -
Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M
Marathon Digital Holdings and the Kenyan Ministry of Energy...