"Ripple, Ranked 3rd in Market Cap, but Regulatory Uncertainty Still Exists"

Suehyeon Lee

Summary

"Ripple (XRP)" has been highlighted as still existing in a situation where regulatory uncertainty persists, despite rising to 3rd in market capitalization.
Ellinor Tett, a journalist, reported that it returned to the level before the lawsuit between the SEC and Ripple.
It was highlighted that insiders at the SEC showed a contrary reaction, concerned about the impact on other asset regulations.

Ripple has risen to the 3rd position in the overall market capitalization (excluding stablecoins), but concerns about regulatory uncertainty still persist.

On the 2nd (local time), an Ellinor Tett business journalist reported through her X (formerly Twitter) that "Ripple has surpassed Tether (USDT) to rise to the 3rd position in market capitalization. This was before the lawsuit between the SEC and Ripple was resolved."

She further explained, "Ripple was once the 2nd largest market cap asset. However, a month before the SEC's corporate finance director's connection in June 2018, it lost its 2nd position to Ethereum (ETH), which was recognized as a non-security."

Tett also mentioned through a discussion (disclosure) that she received a 'hint email', stating, "At that time, insiders at the SEC were concerned that the content would affect other asset regulations, showing a contrary reaction. The SEC's internal regulatory uncertainty is a case in point. Even after 6 years, the regulations are still uncertain."

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