The SEC's Case Against Ripple Could Result in a Massive Win for the Crypto Company.

28 Apr 2023, 08:00

The SEC’s Case Against Ripple Could Result in a Massive Win for the Crypto Company XRP – the native digital token of crypto firm Ripple – experienced a sharp price hike in late March after several investors and fans felt they had reason to believe Ripple could potentially win its ongoing court case with the Securities and Exchange Commission (SEC). Could Ripple Beat the SEC?The SEC has made a habit out of attacking virtually every single digital currency company over the last six or seven years. The agency is going after every firm that took part in token offerings or provided interest or other rewards through token investments. The idea is that these tokens are securities, and thus the firms in question did not follow present SEC regulations when issuing said currencies to traders. One of the companies that the SEC has been targeting hard over the past few years is Ripple. Many crypto investors pointed out a supplemental notice issued by Monica Long – the current president of Ripple – saying that she and her fellow executives are very hopeful that the SEC case will result in a win for the digital currency firm. She confirmed in the notice that the “facts and the law” were on the side of Ripple, and that she doesn’t believe the ruling judge will take the side of the SEC.