Ripple Case Insider Remains Hopeful XRP Will Rocket To Monster Rally After Positive Court Ruling

Ripple Case Insider Remains Hopeful XRP Will Rocket To Monster Rally After Positive Court Ruling
ôîòî ïîêàçàíî ñ : zycrypto.com

2023-3-29 22:31

Ripple defense lawyer John E Deaton is confident that the presiding judge will soon be announcing her ruling regarding whether the crypto firm broke the law by selling unregistered securities. The imminent ruling is expected to decide the fate of XRP.

Deaton, who is representing XRP investors in Ripple’s ongoing courtroom dispute with the U.S. Securities and Exchange Commission, has suggested that the cross-border payments token could see a considerable price surge if the San Francisco-headquartered company prevails in court.

XRP Lawsuit: Approaching Judgment Day

The founder of legal news outlet CryptoLaw, John Deaton, is positive the spat between Ripple and the SEC is coming to an end soon.

In a March 27 Twitter post, Deaton opined that the judge’s decision is coming within the next few weeks or even as early as this week. This comes after Ripple filed a Letter Notice of Supplemental Authority to further bolster their fair notice defense. The said notice drew on the legal brawl between Voyager and the SEC, in which the judge overseeing the case, Michael Wiles, denied the regulator’s objections to hinder the sale of the bankrupt crypto lender to Binance.U.S.

In Deaton’s opinion, XRP possesses the “most attractive risk/reward ratio”, and its price could skyrocket if the judge rules in Ripple’s favor. This means SEC’s claims that Ripple sold XRP as an unregistered security to gullible investors will have fallen flat. 

Meanwhile, if the SEC wins the lawsuit, the U.S. lawyer believes Ripple will appeal the decision, thus maintaining the status quo.

XRP is trading hands at $0.52 at publication time, according to CoinGecko data. The token blew up 19.2% over the last seven days, while bitcoin has posted losses of 4.5% during the same timeframe.

Despite the obstacles currently affecting the cryptocurrency markets, the XRP Ledger continues to grow significantly. Total accounts created on XRP are nearly hitting 5 million — a sign of its growing adoption and use cases. While Ripple continues to onboard new users to the XRP ledger, any positive or negative developments in the SEC case are bound to have a marked impact on the XRP price. 

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ripple (XRP) íà Currencies.ru

$ 0.5241 (+0.07%)
Îáúåì 24H $1.186b
Èçìåíåèÿ 24h: -0.97 %, 7d: -0.48 %
Cåãîäíÿ L: $0.5215 - H: $0.5241
Êàïèòàëèçàöèÿ $29.051b Rank 7
Öåíà â ÷àñ íîâîñòè $ 0.5697 (-8%)

ruling xrp ripple firm broke crypto announcing

ruling xrp → Ðåçóëüòàòîâ: 46


Ôîòî:

XRP Lawsuit: Judge Accused SEC of Hypocrisy, Orders Release of Hinman’s Documents

The Securities and Exchange Commission’s case against Ripple Labs lingers, and the most recent of events has seen the U.S. regulatory body hit hard by an unfavorable ruling. A judge presiding over the suit has repudiated the SEC’s attorney-client protection claim as a reason not to release documents pertaining to the Hinman speech. Judge Netburn […]

2022-7-22 23:48


Ôîòî:

US court grants Ripple access to SEC’s documents on BTC and ETH

Ripple has won a discovery ruling that will mandate the US Securities Exchange Commission (SEC) to grant the company access to its internal documents on Bitcoin (BTC) and Ethereum (ETH). A report unveiled this news on April 6, noting that Ripple hopes to find proof that the watchdog classified XRP, BTC, and ETH as non-securities […] The post US court grants Ripple access to SEC’s documents on BTC and ETH appeared first on Invezz.

2021-4-8 19:27


Ôîòî:

Ripple’s Legal Woes Likely To Dampen XRP Growth Following Recent Court Ruling

On Feb 26, Judge Phyllis Hamilton of the Northern District of California ruled that the class-action lawsuit filed by investors claiming Ripple sold unregistered securities will move forward. The judge also noted that digital assets that do not fall under securities law will be subject to laws against unfair, deceptive, or abusive acts or practices […]

2020-3-14 15:06


XRP is not a security, claims Ripple’s Brad Garlinghouse

Financial regulators have been highly involved with cryptocurrencies, further defying the latter’s nature of being decentralized assets. While these regulators have been in the news a lot lately owing to Facebook’s Libra, agencies such as the SEC have also garnered a lot of attention owing to its ruling on whether certain cryptos constitute a security […] The post XRP is not a security, claims Ripple’s Brad Garlinghouse appeared first on AMBCrypto.

2019-10-30 09:30