Ripple-vs-SEC

Ripple vs SEC: Lawyer Predicts 10-Month Delay in Lawsuit, TRUMP Memecoin Controversy Adds Fuel to the Fire

The cryptocurrency community is still fixated on the long-running Ripple vs SEC lawsuit, despite the growing buzz surrounding former President Donald Trump’s TRUMP memecoin launch. As Trump’s inauguration looms and with SEC Chair Gary Gensler’s recent resignation, the XRPArmy remains hopeful for a swift resolution in the Ripple case.

However, legal experts like Marc Fagel, a prominent securities attorney, warn that the Ripple vs SEC case may experience further delays. Fagel predicts a potential 10-month delay, citing the unpredictable nature of the case. In a post on X, Fagel expressed concerns about the prolonged litigation, speculating that the case may drag on longer than anticipated. He also alluded to the possibility of a settlement under a new SEC Chair, Paul Atkins, if the appeal is dropped by the agency.

The controversy surrounding the launch of Trump’s memecoin, TRUMP, has reignited discussions about the much-anticipated XRP lawsuit settlement. While Eric Trump touted the TRUMP coin as “the hottest digital meme on earth,” Fagel dismissed it as a “pyramid scheme.” The debate surrounding the memecoin quickly escalated into a broader conversation about crypto regulations, with Fagel pointing to ongoing battles between Elon Musk and the SEC and the future of crypto law.

The potential impact of Trump’s memecoin on the Ripple lawsuit has not gone unnoticed by XRP supporters. Attorney Bill Morgan raised concerns about the memecoin frenzy, urging Congress to implement clearer crypto guidelines. Pro-XRP advocate John Deaton echoed similar sentiments, advocating for regulations on memecoins rather than focusing on issues like SAB 121 and tax reforms.

Also Read: Ripple vs. SEC: Legal Battle May Extend 10 More Months as XRP Hits 5-Year High

The Ripple lawsuit’s outcome could have profound implications for the broader crypto market. A win for Ripple could set a legal precedent, clarifying the status of digital assets as non-securities. On the other hand, a loss could lead to more stringent regulations, challenging the future of cryptocurrencies. As the legal drama unfolds, the fate of XRP remains uncertain, and the crypto community watches closely.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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