The Ripple case, which the cryptocurrency market has been following closely for a long time, still appears as a question mark for many investors. Experts made predictions about how the case, which many XRP investors are closely following, will turn out! Here are the details…
XRP lawyer commented on the Ripple case in his recent statements!
cryptocoin.com As we mentioned, the Ripple case has been going on for a long time and many investors are waiting for the case to be concluded. The most significant outcome for Ripple, according to experts, will be the judge’s impeachment of the US SEC for its excessive access and general behavior in the XRP case. According to many experts, the legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs over the classification of the XRP coin will end soon.
On the other hand, comments from experts draw attention. In the Ripple case, XRP attorney John Deaton announced to investors the best and worst results that could be announced in the future by US District Judge Analisa Torres.
According to the lawyer’s information, the most important outcome for Ripple and the other defendants will be the judge’s accusation of the US SEC for its excessive access and general behavior in the XRP case. The lawyer’s point is made clear because Judge Sarah Netburn stated that SEC lawyers lacked loyalty to the law. According to Deaton, it would be second best if the Judge decides that Ripple has designated XRP as an investment contract (Security) in the XRP ecosystem, but only issued under a few specific conditions. However, according to the expert name, XRP itself is not a security, and as a result, neither are any ongoing or secondary sales.
According to Attorney Deaton, the third best decision in favor of XRP would be to decide not to make a summary decision in favor of any participant. But according to Deaton’s statement, the judge will decide that the controversial facts should be decided by the jury. However, the judge will give the parties one more year. By making this decision, the judge will have accepted that XRP is simple software code and that the secondary sales recorded are not securities.
Ripple (XRP) price situation
Popular altcoin project Ripple (XRP) is currently trading at $0.51, and the last 24-hour lows and highs are respectively; It appears as 0.502665 and 0.545857 dollars. The popular altcoin project is instantly announced as the 6th largest cryptocurrency with a market cap of $26 billion. According to the data, analysts expect a rise in price with the end of the SEC case for XRP, which has a trading volume of over $2 billion in the last 24-hours.
However, XRP, with its performance in recent days, has become one of the best performing altcoins. The project has increased by more than 20 percent over the past week and is the best performing asset among the top 100 cryptocurrencies throughout the week.
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