JPMorgan: Ripple's victory is positive, but there are still many unresolved legal issues in the crypto industry

ChainCatcher news, according to CoinDesk, JPMorgan wrote in a research report on Friday that the U.S. Southern District Court's partial support for Ripple's ruling represents a milestone victory for the crypto industry and clarifies what constitutes a security and what does not.

Analysts stated that, in the absence of clear rules, large capital pools have been reluctant to participate in this industry, and the associated regulatory pressures have also slowed down innovation, adoption, and the overall valuation of the crypto ecosystem.

While Ripple's victory is positive, JPMorgan noted that this is not the end of the regulatory struggle for the crypto industry, as the U.S. SEC can appeal this ruling and may continue to pursue similar cases in the future. The report mentioned that the industry has now established a more solid foundation, which may impact ongoing cases. However, it does not believe that regulatory pressure will disappear; it has merely decreased. Analysts also stated that there are still many unresolved legal issues for the industry to fully realize its potential. (Source link)