Crypto Lawyer Anticiptes SEC Appeal Concluding By 2026, XRP Price At Risk

The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) seems to be intensifying despite the legal clarity

The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) continues to attract attention within the crypto community. Despite Judge Analisa Torres’ July 2023 ruling, which provided some legal clarity, the SEC has filed an appeal, and the case may continue for several more years.

Crypto lawyer James Murphy has recently shared his thoughts on the matter in a YouTube video on CryptoLawTV. According to Murphy, the SEC appeal could conclude as late as 2026. This has raised concerns among XRP investors, as the prolonged legal proceedings may negatively impact the XRP price.

Following the news on October 2 that the SEC will be appealing Judge Torres’ court ruling in July, which stated that programmatic sales of XRP are not classified as securities, the regulator has two weeks to file a cross appeal and up to 90 days to submit their brief.

This lengthy legal process could stretch the SEC appeal case into the next few years, putting the already stagnant XRP price at risk. As updates on the SEC appeal continue to emerge, market experts closely monitor its impact on the XRP price, which is currently trading at $0.46.

In light of this, many investors have sold off their XRP coins and are shifting their focus to 1,000X altcoins, such as ETFS, to secure more gains.

ETFSwap (ETFS) Making Waves as The Next 1000x DeFi Altcoin

Among the promising new altcoins, ETFSwap (ETFS) is already becoming widely known as the next Ethereum altcoin with the potential to deliver massive gains as high as 1,000X this year. This new altcoin pioneers the world's first tokenized ETF trading platform, enabling investors to easily purchase and trade these investment assets in minutes.

With the successful presale stage, ETFSwap (ETFS) is gaining even more exposure, challenging top DeFi platforms with its 1,000x price potential. Some of the benefits of investing in the ETFS altcoin include accessing newly-listed ETFs, earning up to 36% reward as passive income from its staking pool, monthly airdrops, and obtaining voting rights on the platform.

Other trading advantages bequeathed to users for trading on ETFSwap (ETFS) include lower fees, an APR yield of up to 87%, a 50X trading power across all listed ETFs, personalized ETF trading strategies and more.

Beyond ETFSwap's core benefits, this platform eliminates third party interference during trading, and offers robust security and privacy protection features. It’s smart contracts have been completely audited by CyberScope, top blockchain audit firm, while ETFSwap (ETFS) team has undergone a completed a KYC verification procedure with SolidProof, a leading smart contracts security auditing company.

In addition to all of these, ETFSwap (ETFS) offers tokenized ETFs are protected by MiCA-compliant licensed investment banks and backed by Real World Assets (RWA). Its upcoming beta platform will open up access for investors to buy and trade these ETFs, while enjoying vast liquidity pools, staking mechanisms, ETF price trackers, and more.

With the backend of the beta platform already fully developed after rigorous UI testing, the ETFSwap (ETFS) team has announced an upcoming sneak peek video of the platform’s core functionalities.

Anticipation is currently brewing for this beta platform as investors are flocking to ETFSwap's presale to quickly purchase its Ethereum altcoin.

Following the introduction of phase 2 of ETFSwap's beta platform, investors will have access to more advanced trading features like ETF trackers and screeners. Access to trade tokenized ETFs using these top features will require investors to invest in the ETFS altcoin, as a result thousands of investors are purchasing the token at a lower price of $0.03846 during its ongoing presale.

Final Words

ETFSwap’s native altcoin, ETFS, is projected to surge by 1,000x this year following its release into the market. In light of this, investors are encouraged to join its presale early to capitalize on lower token prices.

For more information about the ETFS Presale:

Visit ETFSwap Presale | Join The ETFSwap Community

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