Binance is facing a lawsuit for selling unregistered securities, but XRP has not been implicated. Pro-crypto lawyers remain optimistic about a win for Ripple in the SEC case. SOL has bullish potential, but may also be affected by the SEC. Tradecurve, in presale, offers a solution for traders worldwide in the face of growing regulatory problems in the US.
Ripple Lawyers Remain Confident Of A Win
The recent lawsuit filed by the SEC against Binance has caused turmoil in the cryptocurrency market. The lawsuit could potentially categorize coins like SOL, ADA, FIL, ATOM, SAND, MANA, ALGO, AXS, and COTI as securities. Interestingly, Ripple is not included in the lawsuit, which supports Ripple lawyer John Deaton's argument that XRP will not be declared a security.
Deaton is optimistic that the case will conclude by the end of September and foresees either a clear victory or a decision that exempts Ripple from being classified as a security. He also predicts that if the outcome is favorable, the value of the XRP token could range from $2 to $10. XRP and Solana are bullish, can Tradecurve compete?
XRP and Solana are bullish, can Tradecurve compete? Solana Is Named In The SEC Vs Binance Lawsuit.
Solana has shown bullish potential from a technical analysis perspective, but it has recently been named in a lawsuit by Binance as an unregistered security. This is not the first lawsuit that Binance has faced, and the outcome could be uncertain, similar to the XRP vs Ripple case. As a result, Solana's price has decreased by 7% over the past 24 hours and is currently trading at approximately $20 per coin. However, John Deaton's words may provide some comfort to Solana and the other tokens and coins mentioned in the lawsuit, as he believes that there may be a possibility for future redemption even if they are classified as securities. When cryptocurrencies like Solana achieve a significant level of decentralization, they may transition from being classified as securities to being recognized as commodities.
Is Tradecurve The Answer To Regulatory Woes?
According to Nic Carter, the US is actively pursuing strict regulations on cryptocurrencies in an attempt to remove them from the banking system. As a result, there is a growing need for platforms that operate without such regulations. This is where Tradecurve comes in, providing a trading platform that allows for borderless and KYC-free transactions involving traditional financial products like commodities, stocks, bonds, and of course, cryptocurrencies.
Tradecurve is based in St Vincent and Kitts, where such offerings are legal, and follows the lead of other exchanges like Binance and Gemini in moving its operations outside the US. The platform's token, TCRV, is currently in stage 3 of its presale and is trading at $0.015, with a minimum launch price of $0.088. Experts predict that once TCRV is listed on Uniswap and tier 1 CEXes, its value could rise by as much as 1000x.
Learn More About TCRV And The Future Of The Project Here:
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