Lawyers Say Ripple Causes More Problems For SEC Than Anyone In Crypto, Including Elon Musk

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Payments giant Ripple has caused more problems for the SEC than anyone else in the cryptocurrency industry. The US Blockchain Association’s policy chief said that Ripple is fighting the toughest fight of his career. Ripple recently scored a victory in court when Judge Sarah Netburn asked the SEC to release documents from Hinman’s speech. Analysts believe Ripple price is currently consolidating inside a potential symmetrical triangle, with a target of $2.31.

Proponents believe that the outcome of the SEC v. Ripple case has implications for the entire cryptocurrency ecosystem. Ripple has been embroiled in a battle with the SEC since December 2020, and the payments giant picked up a victory in a recent ruling by Judge Netburn.

Analysts Predict Ripple Price Rise After Victory in Recent Court Ruling

Jake Chervinsky, head of policy at the US Blockchain Association, a crypto advocacy firm, commends Ripple for continuing to defend itself against the Securities & Exchange Commission (SEC) allegations.

Chervinsky is considered an expert in crypto regulation. The attorney believes that Ripple caused the SEC the most trouble, more than any other cryptocurrency project and Tesla CEO Elon Musk.

Chervinsky has been quoted as saying:

Regardless of your view of Ripple, two things seem clear: they cause more trouble for the SEC than anyone in crypto, perhaps more than anyone, including Elon. [Musk, CEO of Tesla and SpaceX]. They are the main dispute over securities law, if only because they will fight to the death unlike those who gave in and settled.

Ripple’s legal fight with the regulator has set a precedent for the entire crypto industry.

Analysts have assessed the Ripple price trend and predicted a rise in the price of the altcoin. Cryptocurrency analyst and trader @DaCryptoGeneral believes that Ripple price is currently consolidating inside a potential symmetrical triangle. The analyst expects a big change in the Ripple price and has set a target of $2.31 for the altcoin.

$XRP(1D); price is currently consolidating inside a potential symmetrical triangle. I expect price to rise sharply once the breakout of the symmetrical triangle is confirmed, price will rally back to the key level around $2.31 as the target of the symmetrical triangle pic.twitter.com/iL1sPR55wy

— CRYPTO GENERAL (@DaCryptoGeneral) January 17, 2022

FXStreet analysts note that the Ripple price trend looks bullish and the altcoin could hit $1.

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