XRP Lawsuit Settlement Outlook: Can Ripple Expect Lower Settlement After Recent Win?
Crypto companies, including Ripple, Grayscale, and Coinbase, have been facing regulatory challenges from the SEC. These ongoing legal battles have raised...
- Qadir Ak is the founder of Coinpedia and has been covering the blockchain and cryptocurrency space since 2010.
- Crypto companies like Ripple, Grayscale, and Coinbase are facing regulatory challenges from the SEC, raising questions about the need for clear crypto regulations in the United States.
- Nick Burrafato, Director of Member Investments at Linqto, shared his thoughts on Ripple's recent victory in a legal battle with the SEC in an interview with Thinking Crypto.
- Burrafato expressed happiness about Ripple's victory and emphasized that XRP was declared not to be a security, making it the only digital asset with legal clarity.
- He discussed the need for regulatory clarity in the crypto industry and expressed concern about negative narratives and FUD spread by some maximalists from other crypto communities.
- Burrafato anticipates that Ripple's legal situation will end in a settlement, with the settlement amount likely to be lower than initially expected.
- He believes that being the first financial institution in the US to conduct an ODL transaction will have a significant impact on the market and attract more attention to Ripple and XRP.
The overall sentiment of the article is positive, with a focus on Ripple's victory in the legal battle with the SEC and the potential impact on the crypto industry.