The SEC-Ripple lawsuit could change crypto – Metacade could be the solution

The Securities and Exchange Commission (SEC) has been locked in a legal battle with the Ripple Foundation – the creators of the XRP cryptocurrency. The charges from the regulator claim that XRP is a security and should be classified as such. The case has the ability to change the face of the crypto industry. We will explain more in this article and also discuss why projects like Metacade are a solution.

Why is SEC vs Ripple important?

The SEC case was launched in December 2020 and has added some bearish price action to XRP. The accusations were logged after coin releases by Ripple executives, where they made a public sale of coins for cash and money to pay for some operating expenses of the projects.

The SEC saw this as similar to a publicly traded company selling stock to raise capital. If Ripple loses this case, many more cryptos could be threatened by a similar ruling. The Howey test states that a security is “an investment of money in a common enterprise with profits arising solely from the efforts of others.” For XRP, this means that the coin is traded on exchanges with the Ripple company building the project.

The latest development has given XRP investors hope that Ripple can win the case. Previous comments by a former director of the SEC have played a major role in the proceedings. The director had said that Bitcoin and Ethereum were not securities due to their decentralized nature.

Metacade is one new Web3 community for gamers and cryptocurrency enthusiasts where they can socialize and collaborate. The project is built on a blockchain arcade design and aims to create a framework for casual players and serious play to serve enthusiasts. Metacade will be the world’s first community-driven, P2E arcade, and investors can have a say in its future.

Although the project has its own token in the form of MCADE, investors do not “just rely on the efforts of others”. They vote on project development and help build the platform by supporting the gaming element. Although there are stakes available for the MCADE coin, this is for a share of future income and the dynamics can be adjusted to satisfy any rule change.

Last year was the game year for earning in cryptocurrency. Axie Infinity was one of the stars with 2.7 million daily users at its peak. Despite a bear market decline to 110,000, these players didn’t just pack up and leave. They are still around waiting for the next big thing. At its peak, the AXS token was worth $160, and players were making more than they could with a day job.

The crypto bear market changed that revenue model, but Metacade could be a long-term option. Axie shrank because it’s a single game title. Metacade will bring a stream of titles to the blockchain. It can keep a solid floor under the price and lead to a healthier gaming and revenue ecosystem.

Conclusion

The XRP lawsuit against Ripple has weighed on the coin over the past 18 months. The decision on whether XRP is a security could affect most of the crypto industry and see them having to adapt to new rules. For investors, it would be wise to keep an eye on projects that may avoid the glare of the SEC.

Even if projects have a tradable token, they can, for example, adjust the utility or change the reward system of NFTs. Metacade has a fresh idea that could breathe new life into last year’s booming sector, and now could be an excellent time to position yourself for the bulls’ return.

You can buy Ripple on eToro here.

You can participate in the Metacade presale here.