The legal battle between Ripple and the SEC is approaching a critical phase. This article examines the potential outcomes and their implications for XRP’s future.
Points
- The ongoing legal battle between Ripple and the SEC is nearing a conclusion.
- Ripple has achieved significant courtroom victories, strengthening its position.
- The final judgment could significantly impact XRP’s price and market status.
- Ripple CEO and legal officers have expressed optimism about the case.
- Legal experts predict the final ruling could arrive by the end of the month.
The legal battle between Ripple and the U.S. Securities and Exchange Commission （SEC） is intensifying as the final judgment looms. Experts and investors are eagerly awaiting the outcome, which could have far-reaching implications for Ripple’s native cryptocurrency, XRP.
No Settlement in Sight
Legal experts suggest that a settlement between Ripple and the SEC remains unlikely, given Ripple’s string of courtroom victories. Notably, on July 13, 2023, Judge Torres ruled that XRP is not a security. This landmark decision sparked a dramatic 100% surge in XRP’s price within a matter of hours.
Pro-XRP attorney Bill Morgan emphasized that Ripple’s previous successes, including a key ruling that classified programmatic sales of XRP as non-securities, bolster their stance. He also expects Judge Torres’ ruling on secondary sales to hold firm, particularly in light of recent verdicts in other high-profile cases.
https://twitter.com/Belisarius2020/status/1811949041405821104
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have shared their perspectives on the matter. Garlinghouse described the day as “very good” for Ripple and the broader crypto industry, criticizing the SEC’s actions as an unlawful assault on the sector.
July 13, 2023 – that day was a very good day – for Ripple and the entire industry. And for me personally, a core memory!
https://twitter.com/bgarlinghouse/status/1811873454054080836
Eyes on the Calendar: When Will the Ruling Arrive?
As the anniversary of the summary judgment approaches, legal expert Fred Rispoli estimates a slim 5% chance that Judge Torres will issue her decision on that exact date. He predicts that if a ruling is imminent, it would likely be announced late in the morning or early afternoon EST. Nevertheless, Rispoli remains optimistic that a decision could come by the end of this month.
XRP’s Price Surge
The anticipation of the final judgment has already had a positive impact on XRP’s price. The recent surge in price reflects the market’s optimism about Ripple’s chances of a favorable outcome. However, the final ruling will ultimately determine the future trajectory of XRP.
Conclusion
The Ripple vs. SEC case is reaching a critical phase, with the final judgment potentially arriving soon. Ripple’s courtroom victories have strengthened its position, and a favorable ruling could further boost XRP’s price and market status. Investors should closely monitor the developments in this high-profile case to make informed decisions.
解説
- The legal battle between Ripple and the SEC is nearing its conclusion, with significant implications for XRP.
- Ripple’s courtroom victories have strengthened its position, and a favorable ruling could boost XRP’s price.
- Legal experts predict the final ruling could arrive by the end of the month.
- Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have expressed optimism about the case.
- Investors should monitor the developments closely to navigate potential price movements.