The long-time battle between Ripple and SEC is just a few days away from summary judgment. Everyone in the crypto space are eagerly waiting to see that the lawsuit finds an end.
According to the founder of Crypto-Law.US, John Deaton, the crypto community is of the opinion that Ripple will not take hold any time soon.
On the other hand, if Gary Gensler, SEC Chair, will acknowledge that everything that is related to XRP are non-security, then Ripple CEO Brad Garlinghouse would have ended the dispute.
According to John Deaton, we won’t see Ripple settle any time soon and the firm should also get the judgment in its favor. Moreover, he says that with the exception of his shareholders, Brad Garlinghouse owes nothing to anyone. He also claims that resolving the dispute will not give the XRP token some clarity of regularity, but it will provide financial certainty.
Will The Case Pass On To Next Judiciary Trials?
If at all XRP wins against SEC, then there are high chances that most of the exchanges will relist XRP. However, John asserts that this dispute cannot be solved completely by the judges, the case would just move ahead with a whole jury trial session.
Ripple has skillfully adapted to the conditions created by the litigation. The lawsuit caused significant damage to the blockchain network and its native tokens, according to Deaton. All the while, he noted that just saying these small details doesn’t imply that a compromise is likely to occur.
