Crypto Market News: The U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple may be one of earliest major legal battles in crypto market, but the recent lawsuits against Coinbase and Binance showed the regulatory agency is in for a long drawn fight with many companies. It is generally perceived that the Ripple XRP lawsuit gains all the more significance as the judgement could act as a precedence for the ongoing crypto cases. Yet, experts warn that the SEC could argue saying the Ripple lawsuit was a one-off situation and that it has nothing to do with the wider crypto market.
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Meanwhile, the XRP holders await the Summary Judgement from Judge Analisa Torres, more than 100 days after she delivered the Daubert motion ruling. Yet, the XRP price is not swayed a lot by the long wait for the final judgement, as the token still holds the sixth position among top cryptocurrencies
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