SEC veteran Marc Fagel insists XRP holders should ignore Ripple's legal drama and focus on their own investment strategies
SEC veteran Marc Fagel insists XRP holders should ignore Ripple's legal drama and focus on their own investment strategiesWith the U.S. financial watchdog, the SEC, getting close to the Oct. 7 deadline to appeal the recent Ripple ruling, XRP holders are looking forward to seeing what the agency does next. The verdict, which said that secondary XRP sales are not securities, was first seen as a big legal win for Ripple. Some experts, though, think the excitement might be a bit premature.
With a bit of sarcasm in his tone, Fagel, who used to be a regional director at the SEC, says that according to the court, reasonable XRP holders are not relying on to make their investment decisions. He says that the outcome of Ripple's legal battles should not have a major impact on how the community sees things. It's fascinating that so many people care.
Even though there are still some regulatory uncertainties, many believe that the true value of XRP lies in its use cases and business adoption. These factors may remain unaffected by Ripple's ongoing legal challenges.As the SEC's deadline gets closer, the crypto industry is still split as to whether the agency will appeal the ruling.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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