Possible appeal of the SEC against the XRP decision from judge could influence ripple process: effects on cryptocurrency industry and current price movements of XRP

Possible appeal of the SEC against the XRP decision from judge could influence ripple process: effects on cryptocurrency industry and current price movements of XRP

Title: Ripple process: How a calling could influence the cryptocurrency industry

The legal dispute between Ripple Labs Inc. and the US Stock Exchange Supervision SEC could take a new turn. It looks like the SEC against the latest XRP decision by judge Analisa Torres vocation. This possible calling could have far -reaching effects on the course of XRP and the entire cryptocurrency industry.

crypto lawyer John Deaton could lead to a successful appeal that the SEC cannot prove that there is a common company relationship between Ripple and the XRP owners on the secondary market. This is based on judge Torres' approval that the classification of the XRP sale is only a joint company for institutional investors.

The Ripple process is of great importance for other companies that are sued by the SEC. The final judgment could strengthen the defense of these companies, including Coinbase and Binance. Terraform Labs is already using the current judgment to reject its own case.

The current course of XRP shows a strong resistance zone at $ 0.85, which could lead to a consolidation phase. It is common for a course to go through such a phase after a rapid increase. A correction period followed by a new upward movement could continue to keep the course bullish.

During the Ripple process and the possible calling continues to influence the course of XRP, other cryptocurrencies such as BTC20 could possibly do better. BTC20 is a newly introduced ERC 20 token that represents an Ethereum-based version of Bitcoin. Investors have the opportunity to acquire BTC20 as part of a advance booking and to benefit from passive income from staking.

With a limited total amount of 21 million and a unique staking mechanism, BTC20 could be a promising investment in 2023. New investors can purchase BTC20 at a low dollar price during the advance booking.

Overall, the Ripple process and the possible calling could have far-reaching effects on the cryptocurrency industry. Investors should keep an eye on the course of XRP and new up -and -coming tokens such as BTC20 to take advantage of potential opportunities.

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