xrp crypto value

Analysts believe XRP and Ethereum are on the same side in SEC v. Ripple case

Ripple flows out of exchanges as Bitcoin and Ethereum inflow spikes
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  • Proponents of the XRP Army argue that a Ripple victory on fair notice ensures that Ethereum will win over the same.
  • XRP and Ethereum holders are on the same side of the argument, and they expect Ripple Labs to win the case.
  • Ripple’s lawyers have filed a Freedom of Information Act request regarding unfair treatment by the Securities and Exchange Commission, which has sent Ethereum into an ongoing legal battle.

Contrary to popular belief, XRP and Ethereum holders are not on opposite sides of the SEC case against Ripple. Proponents of the XRP Army consider that the victory of Ripple is likely to affect the crypto market positively.

Ethereum holders will benefit from XRP win at fair notice

John Deaton, a supporter of the XRP Army recently argued that XRP and Ethereum holders are on the same side in the legal battle between the SEC and Ripple.

Deaton argues that if Ripple wins the case in the fair notice defense, it guarantees a victory for Ethereum owners. Ripple’s attorney’s defense is built on the premise that the payments giant did not have reasonable and reasonable notice from the Securities and Exchange Commission as to whether the XRP sales constituted illegal securities sales.

Company requests for admission (relating to fair notice) may not be answered if the judge agrees with the SEC’s proposal to strike out the fair notice defense.

Deaton shared his thoughts on how the owners of Ripple and Ethereum are fighting the same battle.

Judge Sarah Nitburn has ordered the Securities and Exchange Commission to turn over documents related to the analysis of Ethereum. If Ripple’s lawyers can prove a reasonable belief that XRP is not a security and show that the XRP Ledger and ecosystem are more decentralized than Ethereum, then the giant is likely to win.

When Ripple’s lawyers filed a Freedom of Information Act request regarding the unfair treatment of XRP by the Securities and Exchange Commission, Ethereum was exposed to a legal dispute between the payments giant and the regulator.

Deaton believes that the owners of XRP and Ethereum are fighting the same battle, and a Ripple win is likely to reinforce the bullish altcoin narrative among traders.

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