Ripple vs SEC: XRP Lawsuit Could Hurt Crypto Market

Ripple vs SEC has been a talking point in the crypto market since the regulator launched its lawsuit in December 2020. The outcome of the case will affect the entire crypto industry and investors should have a strategy in place for any outcome. The SEC believes that Ripple’s release of tokens constituted a securities sale and that they broke federal laws. The lawsuit is focused around the fact that investors could be profiting from the work of others. With Metacade (MCADE), however, this isn’t a problem since it will be a community-built project.

Metacade is setting itself up to be the hub for developers and gamers to collaborate on play-to-earn (P2E) game titles. The P2E sector erupted like a volcano in 2021 as the Axie Infinity project drew in 2.7 million daily users. That fact by itself highlights that there is huge demand for high quality gaming experiences in the market. And right now Metacade is building and delivering just those through a community-led metaverse arcade, welcoming gamers of all levels.

At the moment, the Metacade platform is in the midst of the presale of its native token, MCADE. Investors are not passive, they are fully engaged in the progress of the project. MCADE holders can earn more tokens by playing games, engaging with the community, contributing helpful content, and staking. The Metacade project will also offer Metagrants, a source of funding, for game developers to create the games voted on by the community.

Ripple Is Bullish About the SEC Case

Despite the headwinds forced on the XRP token, Ripple is still bullish about the outcome of the court case. Ripple filed its opposition to the SEC’s summary judgment and according to the platform, the SEC wants to use it to encroach into an area where it has no jurisdiction.

Throughout the lawsuit, the SEC has not been able to find a clear legal theory to support the claim that XRP should be classified as a security. Ripple added that the SEC’s summary judgment did not show any “investment contract” issued or sold by Ripple. “The theories that the SEC does advance are insufficient to prove its case and are internally inconsistent from element to element of the Howey test,” Ripple stated. The SEC determines whether securities laws should apply by using the Howey Test.

If Ripple were to lose the case, then the SEC could go after many projects where the investment is deemed passive. That means investors need to look out for investments that will not be targeted by the SEC.

Metacade is bringing a disruptive idea to the world of P2E gaming with an interactive Web3 metaverse arcade. P2E is expected to be a huge sector for cryptocurrency and tying it to the metaverse adds two powerful engines that can create a surge for the price of MCADE. The underlying goal for the metaverse is to create a social dynamic and an arcade would be the ideal hang-out for game developers and players. Casual gamers can enjoy the space, while Metacade can also lend itself to a more serious crowd when there is a strong ability to earn rewards.

Metacade will likely surge because P2E gaming is taking off and as it soars, so will MCADE. Although there are a lot of metaverse projects out there vying for attention, Metacade is built for the long term as a community-driven and built arcade. That means there’s more to it than a single game-title and users who will stick around for the duration.

As P2E gamers join, they’ll see lots of attractive income opportunities within Metacade. As this happens, MCADE will become more and more valuable in the Web3 space. With presale just starting, it’s key to get in early for a great deal before the price of MCADE heads for the moon.

Conclusion

The Ripple vs SEC court case has been one of the dominant stories over the last 18 months in the cryptocurrency sphere. The financial regulator claimed that Ripple’s sale of XRP tokens breached federal laws on securities. The SEC knows that a win will open the door to further cases amongst many other similar projects. For investors, that means that not all crypto investments are safe until the case is closed. Metacade offers an investment that aims to avoid the glare of the SEC. Developers, gamers, and investors can contribute at every step of the way on the project, making it more than just an investment project. Metacade is primed for success in targeting the P2E sector and the metaverse which will be two of the biggest crypto sectors in the future.

You can participate in the Metacade pre-sale here.

Disclaimer: Insights provided by crypto industry players and is not a part of the editorial content of BanklessTimes.