Connect with us

News 1

Crypto analyst and podcast host claims this will be 2022’s biggest crypto story

Published

on

Source: Unsplash

As 2022 dawns, crypto journalists and podcasters are on a hunt for the year’s biggest events and scoops. However, according to Thinking Crypto podcast host Tony Edward, one story is set to take over the year.

One story to rule them all

The story is none other than the SEC vs Ripple Labs lawsuit. Edward began by pointing out journalist Charles Gasparino’s tweet affirming the same theory.

 

Like Gasparino, the podcast host stressed that either a win or a loss for Ripple could permanently change crypto regulation in America. Calling it the “biggest story” in the space, he said,

“There’s so many things hanging in the balance here. Because, you know, Ripple has talked about companies leaving the United States because of lack of regulatory clarity. We know of the conflicts of interest with Jay Clayton and William Hinman. We have John Deaton filing on behalf of XRP holders..”

What’s more, Edward also went so far as to suggest that the results of the lawsuit could affect the crypto market’s bull run itself – and perhaps make it go “parabolic.”

Coming to the outcome of the case, the podcaster guessed that Ripple would win the lawsuit, but would have to pay a fine. Adding to that, it’s not just journalists watching the lawsuit. Edward added,

“I’ve spoken to some of the founders and people who work at these other [crypto] projects. They’re watching this closely, my friends…”

One thing is for sure. 2022 won’t be anything like 2021 in terms of crypto regulation, as more Senators push for Congress to take note of fintech innovation in America. With several crypto bills proposed, and both industry stakeholders and lawmakers calling for regulatory clarity, a response from the highest levels of the American government seems more likely this year.

Circling back to the crypto media’s focus areas, it’s also worth noting that Ripple’s general counsel Stuart Alderoty was put on Protocol’s list of “key people to watch in the coming regulatory battles.”

SEC vs Ripple: Season 2

Crypto watchers can look forward to SEC vs Ripple court updates after 19 January – the day on which the last expert deposition is scheduled to take place. Deliberative process privilege, or an agency’s right to protect its decision-making process, is likely to be a burning issue too.

What’s more, crypto lawyer John Deaton, who is representing the interests of over 50,000 XRP holders, will probably find a way to ensure that investors’ perspectives also make it into the news.

Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.


Please select your Email Preferences.

Sahana is a full-time journalist at AMBCrypto. She has a Masters in Journalism and her areas of study include crypto-regulation, digital society, privacy, and intersectionality. Ask her about film photography and philately.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *