Ripple - cryptocurrency explodes by 50 % by court ruling: Are other old coins not illegal securities?

Ripple - cryptocurrency explodes by 50 % by court ruling: Are other old coins not illegal securities?

ripple explodes by 50% according to court ruling

The cryptocurrency Ripple is currently not to be stopped. After a court ruling in the United States, other old coins also attract significantly.

The reason for the rapid increase in Ripple is a judgment of a New York court, which says that the token "at first glance is not necessarily an (illegal) security". This was exactly what the US stock exchange supervision SEC complained. In June, crypto expert Sascha Huber also commented on this problem.

The court ruling could be groundbreaking and encourage market participants to assume that other old coins also do not represent illegal securities, contrary to the statements by Sec chairman Gary Gensler. If crypto bonds deal with illegal securities, they clearly violate the applicable US law. But these allegations seem to have been rejected for the time being. This also means that stocks such as coin base attract significantly.

However, it remains to be seen how long this relief of the market participants will last. There is a possibility that the SEC will appeal. At the moment, however, everything indicates a hot cryptosommer.

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The current Stock3 cryptopo can be found here: Stock3 Kryptocheck: The sun laughs

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