Banking Giant JPMorgan Reported! Court’s XRP Ruling Could Be Savior for 13 Altcoins, Including Solana and Cardano!

According to JPMorgan analysts, the court’s decision regarding Ripple’s XRP has benefited Coinbase the most, as it alleviates the pressure from the SEC, which has been attacking cryptocurrency exchanges on allegations of conducting unregistered securities sales. JPMorgan stock analysts, led by Kenneth Worthington, stated in a report published on July 14th, “The decision appears to be a significant gain for Coinbase in the case brought against them by the SEC. Considering Coinbase’s market-leading position and respected reputation in the industry, we believe it is in a very good position to benefit from increased investor confidence and regulatory clarity.” Ripple partially declared victory against the SEC when the US court ruled on July 12th that sales made on secondary markets, such as cryptocurrency exchanges, do not classify XRP as a security. However, sales made to institutional investors were deemed to be securities. According to JPMorgan analysts, this decision is favorable for […] The post Banking Giant JPMorgan Reported! Court’s XRP Ruling Could Be Savior for 13 Altcoins, Including Solana and Cardano! appeared first on COINTURK NEWS.