Experts believe the Ripple vs. SEC trial will end in June
The crypto community is in a frenzy. Indeed, several experts, including Ripple CEO Brad Garlinghouse, believe that the Ripple vs. SEC trial in the United States could wrap up this month. Ripple holders are eagerly hoping for this outcome.
Experts anticipate a conclusion to the Ripple vs. SEC case in June
This is not the first time we’ve heard predictions that the Ripple vs. SEC trial could end in June. Once again, Garlinghouse has spoken about the possibility of a final verdict being reached this month. He mentioned this during the recent Redefine Tomorrow 2023 summit. While he didn’t delve deep into the proceedings of the trial or explain exactly why he expects a short-term verdict. It was evident that he was confident. He expressed great confidence in a favorable outcome arriving “in weeks, not months.”
The Ripple CEO’s remarks have sparked further speculation on other platforms. News sites such as Coinpedia have provided more detailed coverage of all the experts and supporters who have made similar predictions. Another expert, Charles Hoskinson, co-founder of Ethereum and Cardano, suggested that the trial could indeed conclude in June.
Optimistic community regarding a June verdict
Ashley Prosper is an active member of the XRP community. He has highlighted several events that support the notion of a swift resolution to the Ripple vs. SEC case. He particularly emphasized Garlinghouse’s optimistic prediction about the trial timeline and certain suggestive interactions on social media.
Other significant events also seem to support this argument. Firstly, there is Ripple’s recent acquisition of Metaco, a custody service provider, which has been positively received by Nasdaq. Additionally, Ripple’s launch of its Central Bank Digital Currency (CBDC) platform and partnership with Tranglo, a reputable fund transfer services provider in the United Arab Emirates, further bolster the case.
The ongoing Ripple vs. SEC trial does not appear to hinder Ripple’s expansion. In recent months, the company has not acted as if it expects to lose this trial. Perhaps we will finally witness XRP’s price permanently and definitively surpass the $2 mark?
Receive a summary of the news in the world of cryptocurrencies by subscribing to our new daily and weeklyservice so you don't miss any of the essentials of Cointribune!
L'équipe éditoriale de Cointribune unit ses voix pour s’exprimer sur des thématiques propres aux cryptomonnaies, à l'investissement, au métaverse et aux NFT, tout en s’efforçant de répondre au mieux à vos interrogations.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.