The recent advancement of the case suggests Ripple isn an inch close to win the case after the final briefs were submitted by both the parties
It was just some days away from the second anniversary of the Ripple vs SEC case, which later slapped the company with a lawsuit on the charges of selling XRP illegally. In a recent update, both parties agave filed the replies towards the motion for summary judgement. Therefore, it is now pretty clear that the Ripple vs SEC case may soon find a closure.
Amidst the possibilities of Ripple winning the case, the rumours of a ‘Settlement’ on December 15, 2022, hovered the crypto space. The rumour first surfaced in an AMA session with the Cardano founder, Charles Hoskinson which he cleared it later.
Apart from this, the discussion between a settlement and summary judgement continues to swirl with the markets. This indicates that the crypto-verse is very keenly following the lawsuit and expect closure in any way.
A pro-crypto former US Congressional candidate January Walker recently expressed her views
on pre-settlement. She says that opting for a settlement over the summary judgement will not only be a loss for Ripple but also for the entire crypto markets and the Web3.
“ The world follows the altcoins of the USA, and how the government handles all of us. Instead of battling against each other claiming one group is better than another we need to work together for the right legislation,”
David Gokhstein, a popular crypto analyst, and the founder of Gokhsterin Media, also believes that Ripple requires to win the case but should not accept for settlement. Alongside, Jeremy Hogan, Attorney and a partner of Hogan & Hogan, lists out several possibilities for the outcome of the Ripple vs SEC lawsuit.
Meanwhile, Ripple vs SEC case is expected to find its closure somewhere in quarter 1 of 2022 as predicted by many. Till then, many rumours and FUDs may knock in which may heavily impact the XRP price.
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