With the recent developments in the SEC-Ripple case, it is clear that things are going in Ripple’s favour. Following the news, a number of financial and legal professionals, including attorneys John Deaton and Jeremy Hogan, expressed their views on the likely outcome of the case, based on recent events.
Ripple expected to win the case
In a recent interview, Natalia Zakharova, Head of Global Sales at a prominent FXOpen, shared her predictions regarding the SEC and Ripple case. The analyst says that, given recent events, Ripple will either win the case or reach a settlement in favor of the blockchain company:
Many top academics from major universities have openly expressed their opinion that the SEC action is unfair and that Ripple will either win or go out of the courts in Ripple’s favour.
“The outcome of the case may positively affect the XRP price”
If the case is decided in favor of Ripple, there is a high probability that the XRP price will rise as soon as the decision is made public, according to Natalia Zakharova. Zakharova says the price rise will most likely happen:
There is a very good chance that the case will increase in value significantly once a positive resolution is reached.
Apart from the lawsuit, Zakharova believes that current global events could cause the XRP price to rise dramatically. In particular, global events such as inflation and ongoing economic conflict could spur wider adoption of XRP, resulting in the rise of the world’s sixth-largest cryptocurrency by market capitalization.
Latest developments from the Ripple case
- The SEC’s attempt to prevent Ripple from using its Fair Warning Defense was rejected by Judge Analisa Torres and gave Ripple a major victory.
- The defendants’ requests for the charges against them to be withdrawn were likewise rejected by the court.
- The decision, which could be seen as a success for the SEC, left key records such as Estabrook’s notes and Hinman’s 2018 speech unprotected by the DPP, adding to the agency’s woes.
- The agency filed a request with Judge Sarah Netburn requesting that she review the decision and not remove DPP protection from the Estabrook notes and 2018 Hinman’s speech to protect the documents.
- cryptocoin.com As we have reported, the next decision is expected to be one of the most important decisions in the XRP case.
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