Legal expert breaks silence after major XRP crash
XRP slid 4% over the last 24 hours following a ruling from the U.S. District Judge Analisa Torres, who denied a joint motion from Ripple Labs and the SEC that sought to wrap up key elements of their long-running legal standoff. The decision, filed on June 26, effectively keeps the door open for further appeals and delays a final resolution. Within hours of the ruling, XRP fell from $2.16 to $2.09, erasing more than $5 billion in market capitalization in under 24 hours. At $123.62 billion, it now holds the dubious distinction of posting the biggest single-day drop among the top 40 digital assets and becoming the most trending crypto asset between Thursday and Friday, according to CoinMarketCap . XRP market cap. Source: CoinMarketCap But while short-term sentiment has clearly taken a hit, not all observers believe the verdict spells trouble for XRP’s longer-term ambitions, particularly regarding a U.S.-listed spot XRP ETF. Lawyer weight in on XRP ETF Fre...