Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
A recent release suggests that Pantera CEO Dan Morehead may have predicted the impact of a Ripple victory long before it occurred.\u00a0\u00a0 Ripple Victory: A \u201cPositive Black Swan\u201d Speaking at the Bloomberg Invest Panel, held back in June, Morehead was quizzed about what \u201cblack swans\u201d the world should expect next, considering that we had just recently experienced a pandemic, complete shutdown, and financial crisis due to the pandemic.\u00a0 Morehead responded and stated that we already had the \u201cmassive shoes drop last year,\u201d most likely in reference to the events surrounding the collapse of prominent crypto firms like FTX, Three Arrows Capital (3AC), Terra, and BlockFi.\u00a0 Related Reading: Shiba Inu Team Will Start Implementing ShibPaper, What does This Mean? However, while Morehead believed the worst had happened, he noted that the regulatory clarity was something that no one in the crypto community was expecting but could happen soon.\u00a0 He stated how that could happen and highlighted the three-year ongoing lawsuit between the SEC and Ripple Labs as one of the ways.\u00a0 Considering that \u201cblack swan\u201d had been used earlier as a metaphor for disastrous events like the pandemic, Morehead quickly labeled a potential Ripple victory as a \u201cpositive black swan.\u201d He emphasized that this could be the next \u2018shoe to drop\u2019 and could positively impact the crypto industry. Interestingly, when Morehead made these comments, he had no idea of the impending victory for Ripple, as he stated that a ruling could go in favor of either party. About a month later, Judge Analisa Torres ruled in favor of Ripple and said that its secondary XRP sales didn\u2019t constitute an investment contract, nor were programmatic XRP sales classified as a security.\u00a0 As predicted by Morehead, Ripple\u2019s victory has undoubtedly had immense impacts on XRP and the crypto community in general.\u00a0 XRP price holds steady above $0.5 | Source: XRPUSD on Tradingview.com Has Ripple\u2019s Victory Provided Regulatory Clarity? Morehead had predicted that Ripple\u2019s victory would be one of the ways in which the crypto industry attains regulatory clarity. While this may have not yet been attained, it is obvious that Judge Torres\u2019 ruling has provided some form of guidance, especially to firms like Binance and Coinbase.\u00a0 The SEC sued both crypto exchanges in June for allegedly offering unregistered securities on their platforms. Additionally, the regulator also tagged tokens like SOL, ADA, MATIC, ATOM, and ALGO as securities.\u00a0 Related Reading: The $20 Billion Delay: Appeal Court Pushes Back Decision On Grayscale Spot Bitcoin ETF As such, Ripple\u2019s case provides a precedent for these firms to cite when putting forward their arguments in court. The SEC recognizes the impact that Judge Torres\u2019 ruling could have against it as it continues to clamp down on the crypto industry, and that is why it moved to file an interlocutory appeal against the ruling.\u00a0 However, some experts have predicted that the SEC will likely lose when the case is heard upon appeal. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":548666,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[73002,6664,3321,89210,3680,17209,4531,83637,10972],"class_list":["post-548662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-black-swan-event","tag-crypto","tag-pantera","tag-pantera-ceo","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrpusd"],"acf":[],"yoast_head":"\n
Pantera CEO Calls Ripple Victory A Black Swan, But Is It Bad?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n