Market Implications and Predictions
Speculation about the verdict has intensified since the Binance-related court filings.
Pro-crypto lawyer Fred Rispoli recently predicted an SEC vs. Ripple court verdict in July, possibly by July 13.
While Ripple, the SEC, and the crypto market await the ruling, it was business as usual for US lawmakers and the US digital asset space.
Ripple CEO Brad Garlinhouse and the Crypto Round Table
On Wednesday, July 10, Ripple CEO Brad Garlinghouse attended a crypto roundtable. Garlinghouse shared his views, stating,
“This morning’s crypto roundtable, bringing together folks like Mark Cuban, Paul Grewal, Dante Disparte, etc with the White House and key congressional leaders such as Senator Gillibrand and Republican Joe Neguse, is hopefully the first step in moving from words to actual action.”
The Ripple CEO criticized SEC Chair Gensler and the anti-crypto political establishment, saying,
“Unfortunately, the majority of Dems continue to enable Gensler’s unlawful war on crypto – sabotaging the ability for American innovation to thrive. It’s no wonder the GOP has announced a pro-crypto stance. Gensler will go down as the Luddite of his time. Words are easy, action is hard but necessary. Choose wisely. Voters are paying attention.”
Calling Gensler a Luddite was poignant. The word is commonly used to describe a person opposed to new technology or ways of working.
Garlinghouse also emphasized the importance of the 2024 US Presidential Election. A pro-crypto administration could end SEC Chair Gary Gensler’s term and the regulation-through-enforcement approach that affects the US crypto space.
Investors should stay alert considering the significance of SEC vs. crypto court rulings. Monitor real-time data and expert commentary to adjust your trading strategies accordingly. Stay informed with our latest updates and insights to navigate the crypto market.
