Ripple V SEC: Lawsuit Gets Potential End Date
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May 31, 2023 10:17 am
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Ripple Labs and XRP investors are patiently waiting for the resolution of the Ripple V SEC lawsuit, which has gone on for years now. …
That ending is now potentially in sight, and a matter of weeks away, according to Ripple CEO Brad Garlinghouse and numerous influencers within the crypto space.
Ashley Prosper points out that the Hinman documents are set to be released on June 13th and that recent moves by Ripple Labs indicate that they believe they will emerge victorious.
#XRP #XRPCommunity
So, Brad says case ending in weeks not months, Hinman docs come out on June 13th, Brad likes @digitalassetbuy tweet about case being over, Disney elemental comes out June 16th featuring fire and water characters named Ember LUMEN and Brook RIPPLE. @JoelKatz…— Ashley PROSPER (@AshleyPROSPER1) May 31, 2023
Ripple CEO, Brad Garlinghouse, recently claimed that the lawsuit should be over within a matter of weeks:
🚨🚨 Brad Garlinghouse says the #SEC lawsuit against RIPPLE could end within weeks 🚨🚨#XRP KING 👑 IS COMING pic.twitter.com/NPuLIHBPUn
— EDO FARINA 🅧 XRP (@edward_farina) May 25, 2023
Others echoed Garlinghouse’s prediction:
BREAKING: Ripple CEO says $XRP lawsuit could end in WEEKS, not months.
Here are my thoughts 👇🏼 pic.twitter.com/K6mblv8jDn
— MASON VERSLUIS 🏆🔮 (@MasonVersluis) May 26, 2023
U Today stressed that while a settlement in 2 weeks isn’t guaranteed, Ripple expects the lawsuit to settle sometime in 2023:
While expectations are rising for an imminent resolution in the lawsuit, Ripple maintained in its most recent quarterly report that it expects a decision in 2023. However, the timing is ultimately up to the court to determine.
Zack Humpries provided his price analysis and believes that no matter the outcome of the lawsuit, the consequences will be bullish for XRP.
ATTENTION: #XRPArmy
Here is how I think the RIPPLE vs. SEC lawsuit will play out in the end.
No matter what, it's bullish for #XRP and the #XRPCommunity pic.twitter.com/PGeVA5HKJ8
— Zach Humphries (@Z_Humphries) May 26, 2023
Coinpedia adds:
Legal analyst Jeremy Hogan has noticed a pattern in the timing of important rulings made by Judge Torres in the SEC v. Ripple case, occurring about every nine weeks.
Based on this pattern, Hogan predicts a potential decision in July, although he emphasizes that it’s not a definite prediction but an observation of the trend.
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