Breaking! SEC Governor Jumps in Support of Ripple, Will the Case Find a Closure Before its 2nd Anniversary?

The post Breaking! SEC Governor Jumps in Support of Ripple, Will the Case Find a Closure Before its 2nd Anniversary? appeared first on Coinpedia Fintech News

The Ripple vs. SEC lawsuit is causing ripples in the crypto space, as more people believe the agency has nothing left to prove. With Coinbase and many other organizations now backing the company, the lawsuit is expected to be resolved as soon as possible. 

Meanwhile, according to some reports, SEC commissioner Hester Peirce believes that the agency is not adhering to a proper regulatory framework, which may cause them to fall behind in the race. Attorney John Deaton, who supports the claim, believes that the SEC may lose if they continue to claim that XRP is a security. 

In a recent update, a popular analyst, Ben Amstrong claims the SEC Governor, Gary Gensler is now switching to the winning side!

The analyst claims the Governor has filed an Amicus Curiae Brief in support of Ripple in the battle against SEC, on the basis of some anonymous source. Ben himself believes that this is a parody and hence the fact needs to be checked. 

On the other hand, the demand for relisting XRP on US-based exchanges has been making huge rounds in recent times. Therefore, it is believed that now when the Ripple vs SEC lawsuit is approaching a closure, a tidal wave of XRP investors may jump into the platform. This may surely impact the XRP price rally which remained aloof amid the coiling market sentiments.