The SEC vs. Ripple lawsuit is over 36 months old, but till now, the outcome remains unsettled. As the XRP community raises their hopes over an optimistic development, doubtful news overshadows it. Thus, the reception to investing in XRP is mixed, more so with the details of another lawyer leaving Ripple’s defense team.
In other news, a mysterious ‘sleeping’ Ethereum whale move millions of ETH coins. Meanwhile, investors have piled up the tokens of a new altcoin set to make a mark in asset management.
XRP Holders Display FUD Over Ongoing SEC vs. Ripple Lawsuit
The crypto market began price recoveries after the news of several large financial corporations filing for Bitcoin ETFs. Yet, XRP is the poorest performer in this regard. This may be due to the uncertainty surrounding the ongoing SEC lawsuit that began in December 2020.
The latest news of attorney Clayton Masterman withdrawing from Ripple’s defense team has some investors worried. He is the second to leave a month after a fellow lawyer, Kylie Kim, did the same.
In both cases, the reasons for the departure remain unknown. The popular attorney John Deaton has asserted that the withdrawals are non-events to the lawsuit. But not everyone agrees. XRP’s price reflects this doubt, declining 10% from $0.52 to $0.47.
While XRP’s on-chain data and fundamentals are healthy, the SEC case is a big question mark. Thus, investors are keeping a close eye on the latest developments, even though the date of the verdict is unknown.
Investors Believe in VC Spectra (SPCT) As the Next Best Decentralized Hedge Fund
As the XRP community deals with uncertainty, VC Spectra (SPCT) instills confidence as the next viable investment in crypto. is a decentralized hedge fund for top-quality sustainable tech and blockchain-based start-ups.
It was born out of a desire to capitalize on the multi-billion-dollar industries of technology and distributed ledgers. Yet, developers wanted to build a financially accessible investment platform that includes all investors regardless of their background or wealth.
will use its team of top investment professionals to seek out the best projects through a rigorous selection process. Also, the platform employs many trading strategies like arbitrage, hedging, and diversification.
Unlike traditional asset management companies, investors won’t need to worry about minimum deposit amounts. VC Spectra (SPCT) will have tailored plans to suit everyone’s budget.
Also, no intermediaries exist with VC Spectra (SPCT). Smart contracts govern the protocol’s operations, from storing funds to allocating profits. This makes for a truly autonomous and transparent investing experience.
The Spectra token (SPCT) is the ‘fuel’ to VC Spectra’s ecosystem, used for settling fees, buying into the platform’s projects, and receiving profits. But it has several enticing benefits.
SPCT holders can get extra income through quarterly dividends when they sell their shares back into the liquidity pool. The same users will have voting rights to influence governance. Lastly, holders can receive highly discounted exclusive access to pre-ICOs.
Investors have bought almost 60% of the tokens available during the presale’s first stage. Soon, the price will move from $0.008 to $0.011 in the second phase. Yet, the long-term estimate after the presale ends is $0.08, meaning a 900% return if one buys now.
Learn more about the VC Spectra presale here:
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