US banking giant JPMorgan stated that the decisions taken in the SEC-Ripple (XRP) case represent a turning point for the cryptocurrency industry.
Recently US Securities and Exchange Commission (SEC) with Ripple In the pending unregistered securities case, the Judge Analisa TorresXRP in some scenarios not be considered securities. had decided.
JPMorgan 14 July In a research report published on crypto industry for one turning point said that. With the decision made, JPMorgan has determined what is a security in the cryptocurrency ecosystem. whether to count about a clarity has been stated.
Cryptocurrency regulation. lack of clarity big shareholders from the cryptocurrency ecosystem that you keep away At this point, JPMorgan stated innovation, growth at the point of valuation And to adopt He also said he was slowing down. JPMorgan has also regulatory your actions with the acceleration this situation it’s getting hot drew attention.
Your decision is for crypto companies at the legal level One defense The banking giant stated that it provided an important point and represents an important gain. absolute One win representation that you didn’t underlined.
In this direction, on the regulation of the crypto money ecosystem the fight will continue citing JPMorgan, SEC’s decision to appeal can carry and in the future similar cases He said he could continue to open it. JPMorgan though regulatory pressure. slowly is decreasing expressed an opinion.
On the other hand, the SEC Internet Enforcement Office in charge John Reed Stark He also said the decision would likely be appealed by the SEC.