A case between Ripple and Securities and Exchange Commission (SEC) in the US is going and any judge's ruling on this case is believed to impact the crypto markets. It is something that could set the flow of the crypto industry not only in United States but probably other countries as well which are under the shadow of United States.
If the ruling comes in favor of Ripple, it could help rally in the price of XRP but other cryptos in the market like Bitcoin and few others.
Yahoo Finance
The ruling could go either way. If it comes in favour of Ripple, this could help the crypto market come more stronger and this outcome of the case may help crypto markets on a broader level as the case is believed to have a significance.
Not to forget, Securities and Exchange Commission has been cracking down on cryptos in recent months suing two of the largest crypto exchanges in the world Binance and Coinbase. And the judges presiding over these lawsuits for Coinbase and Binance would likely be watching the case and probably this would have an impact on that case as well. Not only these cases but probably for the rest of the crypto industry as well.
If the case come against Ripple, then we might see a stronger crack down on the crypto industry by SEC in the United States that could potentially hinder the growth of the industry in the country.
We might then see the crypto market just winding up their businesses from United States and moving out of the country making it difficult the crypto community out there doing crypto related activities.
Lets see what the outcome of the case could be, as this might have implications for the crypto community out there in United States and for the broader crypto market.
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