Ripple The two-year litigation between Labs and the SEC could allegedly end this week. So, how realistic are the claims on social media? Here are all the known details.
Koinfinans.com As we reported, Charles Hoskinson shared rumors that the case will be completed on December 15th. This speculation, triggered by Hoskinson, spread quickly. As a matter of fact, when Influencer David Gokhshtein shared the rumor as ‘conclusive’ news, there was a short tension between him and Hoskinson.
In the following days, the outcome of the case, especially Ripple, cryptocurrency The possible consequences for the industry are discussed.
Crypto pro January Walker stated in his post on Twitter that if the case turns out to be negative, the consequences will be bad. Congressional candidate Walker stated that it would be a precedent decision as the US actions were followed by the whole world.
The world follows the actions of the USA, and how the government handles one of us, sets precedence for how they handle all of us. Instead of battling against each other claiming one group is better than another we need to work together for the right legislation.
— January Walker (@UtahPolitician) December 12, 2022
David Gokhshtein In a tweet he shared on December 10, he commented that we need Ripple to win the case and not reach a settlement. According to Influencer, a negative decision from the lawsuit will have bad consequences for the industry.
“I think the worst case scenario would be for Ripple to come to an agreement. I’m not sure if this provides clarity for the industry,” commented Charles Hoskinson. He stated that the developments will have negative consequences for the sector.
Underlining that the speculations about when the case will be concluded are not certain, Hoskinson also stated that he does not believe the allegations.
Hogan & Hogan’s partner, attorney Jeremy Hogan, thinks there’s more than one conceivable outcome. Hogan said on December 10 that he thinks Ripple has a 50% chance of winning, but a “110.6% chance of something happening soon.”
“In the Ripple case, with Ripple XRP The evidence is clear that there is no ongoing legal relationship between its recipients. There is no such relationship and the SEC has failed to address this issue.”
The lawyer is one of those who believe that the detail that one cannot make an investment without an investment contract is important.
Ripple CEO Brad Garlinghouse told the DC Fintech Week conference that he expects the lawsuit against the company to be resolved in the first half of 2023, but that it is difficult to predict. The CEO had previously stated that Ripple would consider a settlement with the SEC if XRP was not classified as a security.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.