Ripple vs SEC: Soon the end for the crypto regulator?

As usual, Charles Hoskinson, the founder of Cardano (ADA), hosts shows on Youtube to address burning issues in the crypto industry. In his latest live, the official spoke about the Ripple lawsuit against the Securities and Exchanges Commissions (SEC). For him the eggs are cooked and technically the verdict should be in favor of Ripple. However, he does not rule out the possibility of a surprise decision by the judges. Moreover, he even announced a closing date for the trial.

Towards a surprise verdict for the crypto industry?

In his last emission on Youtube, the founder of Cardano, said that the case Ripple against SEC could be settled by December 15. It is based, in fact, on information obtained via sources close to the file. But Charles Hoskinson warns of the catastrophic consequences the judgment could have on the crypto industry. This indicates that he has possibilities for the SEC to win. However, Hoskinson said that regardless of the outcome of the case, the decentralized finance (DeFi) space is in the hands of the people, not the government.

“I have heard rumors that the Ripple case will be settled on December 15th. This could have catastrophic implications for the industry one way or the other. But you know, you have to keep moving forward. Whatever happens, it’s a decentralized ecosystem that you control. It is not the United States of America that decides the life or death of Cardano. But it’s you, the whole world. This is the interest of a decentralized ecosystem”did he declare.

Hoskinson’s Live

Hoskinson’s announcement comes a week after Ripple’s attorneys filed a request for summary judgment. The crypto firm is indeed certain to win, as the SEC has failed to prove its guilt. As a reminder, the federal agency accuses him of having sold unregistered securities.

Technically, everything suggests that Ripple will win the lawsuit, which has been going on for two years, without much difficulty. But Charles Hoskinson’s statement hints at the possibility that Ripple will win.

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