CryptoLaw founder predicts XRP future, says 'might be only clarity for next 2 years' RippleXRP $XRP XRPArmy XRPCommunity XRPholders
If Ripple loses its lawsuit with the SEC and XRP is deemed a security, then the SEC might be emboldened in its regulation through an enforcement campaign.
"You should care about XRP because what Judge Torres decides about XRP is likely the only clarity we get for the next 2 years. If she decides XRP is a security, it will embolden the SEC to come after the other tokens," Deaton stated.Deaton believes that XRP is already the first regulated cryptocurrency in the U.S. when considering the 2015 FinCEN/DOJ settlement, but on a macro scale, the cryptocurrency market would gain clarity based on the Ripple-SEC lawsuit.
The CryptoLaw founder was reacting to a tweet by Blockchain Association's Ron Hammond, who stated that the crypto industry remains in the crosshairs of the Congress after the FTX fallout.
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