The cryptocurrency industry recently witnessed a watershed event – the resolution of Ripple Labs’ three-year tussle with the US Securities and Exchange Commission (SEC).

When the CEO of Pantera Capital was previously asked about potential black swan events in the crypto market, regulatory clarity emerged as an unexpected yet welcomed surprise. Indeed, according to Dan Morehead, Ripple’s recent victory could be considered as just that – a positive black swan.

Ripple’s Win Against the SEC

Observers in the crypto industry have closely watched the SEC lawsuit against Ripple. The SEC claimed that Ripple’s sale of XRP tokens was equivalent to the unauthorized sale of securities.

Ripple’s victory has now set a legal precedent that challenges the SEC’s stance, as many sales of XRP tokens are not securities. Stakeholders in the cryptocurrency market, from investors to developers, have eagerly awaited this clarity, and its implications may be profound.

“Everybody ignores black swans until one happens. But if you make me say something, I would say regulatory clarity is the one thing nobody’s expecting. We’ve been an investor in Ripple since day one, and…it’s like 50/50, right? That Ripple wins,” Pantera Capital CEO Dan Morehead said.

The verdict’s nuances underscore the layered nature of Ripple’s XRP distributions. District Judge Analisa Torres designated Institutional Sales as securities, while Programmatic Sales, Other Distributions, and CEO/CLO Sales escaped this classification.

“That could be the positive black swan that we’re all concerned about. The next ‘shoe to drop’ could be a nice thing,” Morehead added.

Pantera Capital CEO’s insights that regulatory clarity could serve as a surprising boon for the crypto sector appear prescient. Yet, the winds of the crypto market are unpredictable.

XRP’s Price Is Back to Square One

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Author: Bary Rahma

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