Dogecoin Co-Founder Says If XRP Isn't Security, 'There Ain't Much That Would Be'
Portfolio Pulse from Mehab Qureshi
Dogecoin co-founder Billy Markus commented on the recent court ruling favoring Ripple Labs, stating that XRP is not a security. This decision is a significant turning point in the legal battle between Ripple and the SEC. The SEC has identified 19 other cryptocurrencies as securities in lawsuits against platforms like Binance and Coinbase. At the time of writing, DOGE was trading at $0.070, up 9% in the last 24 hours.
July 14, 2023 | 11:53 am
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POSITIVE IMPACT
Dogecoin's price has increased by 9% in the last 24 hours, potentially influenced by the recent court ruling on XRP.
The recent court ruling on XRP may have influenced the crypto market, including Dogecoin. The co-founder's comments on the matter could also have an impact on investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
The recent court ruling stating that XRP is not a security marks a significant turning point in the legal battle between Ripple and the SEC.
The court ruling in favor of Ripple Labs could have a positive impact on XRP's price in the short term, as it removes a significant legal uncertainty.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100