July 1 (Cointime) - The global crypto industry is eagerly awaiting a Summary Judgment in the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple over the nature of XRP tokens.

The ruling is expected to bring clarity to the confusion created by the commission in the crypto market. Crypto expert, Scott Melker, has urged the industry to fight back, warning that if they don't, US users may be left with only four options to trade in: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Attorney John Deaton has emphasized the importance of the verdict for major cryptocurrencies like Solana, Polygon, and Cardano, but warns that a negative outcome for XRP could give anti-crypto campaigners the upper hand.