XRP News: The much anticipated ruling in the legal tussle between Ripple and the U.S. Securities and Exchange Commission (SEC) has spiked the demand for clear and fair rules for the crypto market. Mike Novogratz believes that this win can force the commission to make fair rules.

Also Read: Britain Denies Calling Crypto As Gambling

Mike Novogratz Targets SEC Over Crypto Rules

Galaxy Digital CEO and billionaire investor Mike Novogratz in an interview stated that XRP being ruled as not a security is a big win for Ripple and a major win for the crypto community. He added that this development shouldn’t go in vain and not let Gary Gensler put lipstick on a pig.

He stated Ripple’s decision sent out a message to the Democrats, Gray Gensler, and the White House to bring fair rules for the crypto industry. Novogratz mentioned that the court decision gave a clear message that it refutes the very clear lie of Gensler of fair existing rules for the industry. However, this area is very complex and the industry needs legislation to clarify this and this is what the judge hinted.

According to Novogratz, the current status of the US SEC isn’t going to work as making an appeal against the XRP lawsuit ruling will take a long time. If SEC wants to litigate then it would have to litigate every token separately and use that token separately. Read More XRP News Here…

The Billionaire investor gave his remark on the bear market. Novogratz stated that they are pretty prepared for a longer winter than they were hoping to be.