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Ripple Secures Huge Victory; XRP Price Could Double

• John E. Deaton scored a major victory for the crypto industry, XRP community and Ripple in the U.S. Securities and Exchange Commission (SEC) litigation against LBRY.
• The New Hampshire District Court judge confirmed that he would not rule on secondary market sales of the LBC token, which had the price responding with a bullish spike of up to 155%.
• If Ripple wins its case against the SEC, it could trigger an XRP price rally similar to LBC’s, as investors become more confident in investing due to increased regulatory clarity.

John E. Deaton Wins Significant Victory For Crypto Industry

Attorney John E. Deaton scored a massively significant victory for the entire crypto industry, the XRP community as well as Ripple yesterday in the remedies hearing in litigation between LBRY and the U.S. Securities and Exchange Commission (SEC).

LBC Token Price Spikes After SEC Confirms Secondary Sales Not Considered Securities

The attorney managed to elicit from the SEC, „live and on tape,“ that it does not consider secondary sales of the LBC token as securities. In addition, the New Hampshire District Court judge confirmed that he would clarify in his final remedy that he does not rule on secondary market sales of tokens. This meant massively good news for holders of the LBC token, as its existence was previously jeopardized by prior ruling from SEC regulators. Therefore, investors responded extremely bullish yesterday causing its price to rise by up to 155%.

XRP Could Double In Price With Ripple Win

The rise in LBC’s token price following yesterday’s partial victory by LBRY against the SEC may be a foreshadowing of what will happen to XRP’s price if Ripple wins their lawsuit with clear regulatory clarification from court judges. When filing began late December 2020, XRP suffered a 72% plunge within one week due potential investor reluctance due to high risk associated with case proceedings. A win could attract new investors while existing ones increase holdings causing an overall increase in its value similar or greater than those seen with other cryptocurrencies such as BTC or ETH since their all-time highs respectively (down 66 & 67% compared 88% for XRP).

XRP Community Lawyer Reacts To Rally

XRP community lawyer Bill Morgan shared how this rally shows what is possible with a winning outcome from Ripple’s case against SEC regulations .

Conclusion

Yesterday’s successful hearing results between LBRY and the SEC showed positive implications for other cryptocurrencies including XRP should they achieve similar victories over governmental regulation legal battles . If Ripple were to succeed , investors may gain confidence leading them back into investing again potentially triggering a euphoria resulting in possible significant increases in value similar or greater than those seen with other cryptocurrencies like BTC & ETH since their respective all-time highs .