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Best New Altcoin Rising Up After (SEC) VS. Ripple Updates With Litecoin & Big Eyes Infinity

John Williams

Aug 21, 2023 — 4 min read

The trial of the (SEC) took place back in 2020 when the Securities and Exchange Commission (SEC) declared that it had initiated legal proceedings against Ripple (XRP), claiming that they unlawfully gathered more than $1.3 billion through an ongoing digital asset securities offering that was not registered.

In the latest development within the legal battle between the United States Securities and Exchange Commission (SEC) and Ripple Labs, Judge Analisa Torres has authorised the participation of an investment banker declarant. As per a court filing, Andrew A. Kunsak from Sidley Austin LLP has been permitted by Judge Torres to act as an investment banker declarant in the ongoing case of U.S. SEC v. Ripple Labs. How can these updates be of benefit to the best new altcoins and their projects such as Litecoin (LTC) and Big Eyes Infinity ($BIGINF)?

crypto-need-regulations">Does Crypto Need Regulations?

International bodies combat money laundering, aided by organisations like the Financial Action Task Force and International Organization of Securities Commissions, which guide virtual asset providers. Libra's arrival intensified these efforts. A universal crypto regulatory framework is crucial to bring order, boost consumer trust, define limits, and foster secure innovations. For this reason, some people shiver when they hear the word cryptocurrency and regard it as something inaccessible, thus rendering it useless.

Big Eyes Infinity is not just one of the best new altcoins rising in the world. It is actually proving the opposite of what doubters have to say. Since its beginning as Big Eyes Coin, it witnessed remarkable success and therefore, established another presale in which it will give back to the community that might not have been able to profit from the $BIG presale by doubling the amount of tokens that will be purchased during the ongoing presale.

The Regulatory Compliance Of Litecoin & XRP

The legality of Litecoin varies globally due to its dynamic regulatory landscape. Some countries classify it as a commodity, while others deem it a currency, making adherence to regulations complex. Nations supporting cryptocurrencies such as Japan, Switzerland and Singapore have established frameworks benefiting Litecoin's acceptance.

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XRP’s market impact presents a cryptocurrency regulation framework, promoting public-private collaboration, adapting existing frameworks, and advocating for innovation sandboxes. Proposed bills, such as the Eliminate Barriers to Innovation Act, and Securities Clarity Act and the Digital Commodity Exchange Act, provide clarity while accommodating crypto's unique attributes.

Big Eyes Infinity ($BIGINF) is dedicated to being per laws and regulations by the SEC. For this reason and the benefit of all investors, $BIGINF is holding an AMA session on September 1st, where investors will have the liberty to gain more knowledge about what makes $BIGINF a law-abiding coin and among the best new altcoins.

XRP Market Impact On Other Cryptocurrencies

The cryptocurrency industry celebrated a partial victory for Ripple in court last Thursday, as a judge determined that XRP (XRPUSD) should not be classified as a security. While many proponents of cryptocurrencies view this as a positive signal for the potential growth of such assets within the United States, certain legal experts emphasise that there remains a significant need for regulatory clarity.

Paul Grewal, the Chief Legal Officer of Coinbase, stated in an interview with CNBC that the court's decision in the Ripple case has enhanced the legal position of the crypto exchange. Grewal expressed confidence in a favourable outcome prior to the ruling, and he believes that the decision has only served to bolster their case further.

Best New Altcoin With High Returns On Investment (ROI)

Due to recent circumstances, time calls for investors to do their due diligence and start their investments. One coin that stands out from the rest with its unique approach is Big Eyes Infinity ($BIGINF). $BIGINF is all about creating a better future for all investors by learning from past mistakes. For this reason, all $BIGINF tokens will be airdropped to holders at launch; there will be no claiming process. $BIGINF will be launching directly on a DEX exchange to maximise community profits. Now that makes a coin one of the best new altcoins in the crypto world.