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Researcher Says Central Banks Will Greenlight XRP Once This Happens
A prominent crypto researcher has made a bold claim about the potential impact of the Ripple v. SEC lawsuit on the adoption of XRP by central banks and financial institutions.
According to SMQKE, once the case reaches a final settlement, it will provide a clear seal of approval for central banks and financial institutions to begin utilizing XRP through the XRP Ledger. This development could have significant implications for the cryptocurrency market as a whole.
In a recent tweet, SMQKE highlighted the potential consequences of the Ripple v. SEC lawsuit’s resolution. The post emphasized that once the case is settled, it will offer regulatory clarity for banks to proceed confidently with XRP integration.
The visual accompanying the tweet explicitly stated that the resolution of the lawsuit would provide the necessary regulatory clarity for banks to integrate XRP into their systems. This assertion has sparked a mix of reactions within the crypto community, with some users sharing SMQKE’s confidence and others expressing skepticism about the claim.
A recent development in the Ripple v. SEC case may add context to this conversation. On June 26, U.S. District Judge Analisa Torres officially denied the joint motion filed by Ripple and the SEC for an indicative ruling. This denial indicates that certain aspects of the case still require formal resolution, particularly concerning the appeals process and remaining enforcement actions.
However, some community members have already begun to draw conclusions from this development, with one user pointing out that the denial does not change their belief in the legal system having already confirmed XRP as non-security when sold on secondary markets.
Source: timestabloid.com
