SEC VS Ripple: A decisive outcome for cryptocurrencies?

The resolution of the Ripple dispute seems to be highly anticipated. To that end, there are several optimistic scenarios for how the cryptocurrency market might react if Ripple prevails. For Dan Gambardello, founder of Crypto Capital Venture, the resolution of the Ripple lawsuit will have a significant impact on the cryptocurrency industry.

Ripple Lawsuit Doesn’t Worry XRP Executives

Ripple CEO Brad Garlinghouse is optimistic that the case will not go to trial. Indeed, he thinks the judge has enough information to make a decision without a jury. If so, it could mean that the case will be resolved sooner. In particular, during the first half of 2023.

In addition, James K. Filan, the defense attorney, remains optimistic about the reduction of the delay. In particular, he expects Judge Torres to rule on the motions for expertise and summary judgment by March 31, 2023. In addition, the outcome of the SEC VS Ripple lawsuit could have a significant impact. in the cryptocurrency market.

Ripple: An asset that is resilient despite the turbulence

David Gokhshtein, founder of Gokhshtein Media and former congressional candidate, believes that Ripple should win the case against SEC. And, for two reasons. First, it would bring clarity, and second, the XRP community will be rewarded for fighting and maintaining their position.

Weekly XRP price data reveals that since April 2021, the asset has been in a descending parallel channel. Falling throughout this channel, XRP fell to lows of $0.28. However, the middle line of the channel was reclaimed by the subsequent bullish move.

In conclusion, the outcome of this SEC VS Ripple will mark a decisive turning point in the future of cryptos. The deadline to respond to motions for summary judgment is November 30. By then, all briefings will be complete and only Judge Torres’ final decision will remain.

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