Updated.
Apparently things are becoming clearer for Ripple and there are more hopes of coming out victoriously, on the other hand if the SEC goes wrong in this case, it will lose total credibility and will not be seen as a regulatory and protective agent because their arguments are not strong enough, which is great news for all XRP fans and hodlers.
XRP Lawsuit update: Is the SEC dodging the issue with its latest response
Apparently things are becoming clearer for Ripple and there are more hopes of coming out victoriously, on the other hand if the SEC goes wrong in this case, it will lose total credibility and will not be seen as a regulatory and protective agent because their arguments are not strong enough, which is great news for all XRP fans and hodlers.
XRP Lawsuit update: Is the SEC dodging the issue with its latest response
Quote
“Defendants’ arguments based on the Statement ignore that the SEC itself—through a vote of the five Commissioners—and other SEC Commissioners and officials have repeatedly warned those who sell digital assets to the public of the need to comply with the federal securities laws.”
Source: https://ambcrypto.com/xrp-lawsuit-update-is-the-sec-dodging-the-issue-with-its-latest-response/If I understand correctly, isn't this not only good news for XPR holders, but for crypto as a whole? Seeing the SEC experience a serious set back can only be in favor of the crypto industry (even though XRP is no real crypto), right? It is not like the SEC is the one who makes the final judgment, but in fact they have to argue with substance and if they lose now, they might be more careful in the future as well when it comes to other cases.