“In my opinion, the SEC will never again submit a plea in a lawsuit that argues that a digital active is a security. That is why a withdrawal of the Ripple occupation of the SEC is inevitable. I also believe that the SEC will win the Ripple appetite, and such a victory would be completely inconsistent with its current crypto ethos. “
Can the Uyeda perception chairman insist on the withdrawal of an appeal?
The upcoming closed meeting would vote the three remaining commissioners, two crypto -friendly republicans, vote on whether they should withdraw the appeal. Some speculate that acting chairman Mark Uyeda and Commissioner Hester Peirce may wait for the confirmation of Paul Atkins. SECS rules, however, allow a voice.
According to internal sec rules, a vote from the agency, not only the chairman, determines the continuation or withdrawal of the profession. At least three supervisory directors must be present for a quorum.
XRP -PRijstrends: Can a recording a profession reverse the downward trend?
On Wednesday, February 26, XRP slipped by 5.39%, which reversed the win of 1.85% on Tuesday to close to $ 2,1970. XRP followed the wider crypto market, which fell by 4.42% to a total market capitalization of $ 2.75 trillion.
External factors, including American rates, sentiment towards the US economy and the FED policy, have contributed to the recent stumbling. However, the price process of XRP can depend on two important catalysts:
- SEC Appeal Strategy: If the SEC drops its attraction, XRP can collect its highest height of $ 3,5505. However, persistent legal uncertainty can send prices below $ 1.50.
- XRP spot ETF developments: If an XRP spot ETF would be approved, this institutional inflow could put on and possibly push XRP to $ 5.