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This lawsuit win is a huge win for the whole space, now those who are gonna be labeled as securities can now fight with confidence.

All Cryptocurrencies

by COINS NEWS 43 Views

So we finally got a win with Ripple winning against SEC against their lawsuit. But this is not just a win for Ripple. It's a win for the whole space. More so it's a win for cryptocurrencies that were labeled and will be labeled as "securities" by the SEC.

What we know now is that the current rules and regulations for being a security didn't work for Ripple's XRP.

We also know that Solana, Cardano, and Polygon were also declared/labeled by SEC as Securities. So what's stopping these three crypto companies (and others more that SEC will be labeling as securities) to fight off the label and again win the lawsuit? This is a huge boost of confidence!

submitted by /u/ice_blade_sorc
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