The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) seems to be intensifying despite the legal clarity from Judge Analisa Torres’ July 2023 ruling. Crypto lawyer, James Murphy, has predicted that the legal proceedings involving the new SEC appeal could last as long as 2026. With possibility of the XRP price being affected by the SEC appeal, investors are buying into more promising crypto projects like the ETFSwap altcoin, ETFS. Analysts have forecasted that this altcoin will see a 1,000X rise soon, potentially surpassing XRP price in the near future.
Crypto Lawyer Anticiptes SEC Appeal Concluding By 2026, XRP Price At Risk
In a recent YouTube video on CryptoLawTV, Murphy predicts that the ongoing SEC appeal against Ripple may extend until 2026. The lawyer’s forecast has stirred concerns of the SEC appeal potentially impacting the XRP price negatively.
On October 2, news about the SEC appeal spread as the regulator revealed intentions to challenge the Judge Torres’ court ruling in July which states that programmatic sales of XRP are not classified as securities. In light of this SEC appeal, Murphy has explained that Ripple 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, jeopardizing the already stagnant XRP price. As updates on the SEC appeal continue to emerge, market experts closely monitor its impact on the XRP price which is trading at $0.53. Currently, many investorshave opted to sell off their coins, shifting their focus to 1,000X altcoins like ETFS to secure more gains.
ETFSwap (ETFS) Makes Headlines With The Next 1000x DeFi Altcoin
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 is pioneering the world’s first tokenized ETF trading platform, allowing investors to purchase and trade these investment assets in minutes.
Considering the success of its ongoing presale, ETFSwap (ETFS) is gaining even more exposure, challenging top DeFi platforms with its 1,000x price potential. Some of these benefits of investing in the ETFS altcoin include access to newly-listed ETFs, up to 36% reward as passive income from its staking pool, monthly airdrops, voting rights on the platform and more.
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 ETFsprogected 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 pf 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 diving into 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
