• Ripple is currently engaged in a legal dispute with the United States Securities and Exchange Commission (SEC).
• Binance has recently been sued by the SEC, sparking optimism for a quicker resolution to the Ripple lawsuit.
• Ripple’s CEO Brad Garlinghouse predicts a swift resolution to the case, estimating a timeline of „weeks, not months.“
Ripple v. SEC Lawsuit
Ripple is currently embroiled in a legal battle with the United States Securities and Exchange Commission (SEC). The crypto community is abuzz with optimism for the future of XRP as recent events indicate a potential positive outcome for Ripple. Bill Morgan, a crypto lawyer and XRP enthusiast suggests that this could be an indication of good news ahead.
The SEC’s recent lawsuit against Binance, the company running Binance.US, and its founder and CEO Changpeng “CZ” Zhao has stirred up the crypto community. This legal action against Binance alleges violations of federal securities laws which has provided hope for a quicker resolution to the Ripple lawsuit.
XRP Community Reactions
In response to the Binance lawsuit, many in the XRP community view it as an attack on cryptocurrency industry as whole and are calling for unity in face of such aggressive stance from SEC. Ashley Prosper, an XRP community member suggests that this focus on Binance may hasten end of Ripple lawsuit.
Ripple CEO’s Outlook
Ripple’s CEO Brad Garlinghouse predicts swift resolution to case estimating timeline of “weeks not months” which is also reflected in their quarterly report expecting decision on summary judgment in 2023 although ultimate decision rests with court .
The outcome of this case remains uncertain but many within cryptocurrency space are hopeful that it will have positive results both for Ripple and wider industry overall .