- The XRP lawsuit has been going on since December 2020, when will it end.
- Ripple is reaching the end of its hard-fought battle against the SEC, possibly this quarter.
- Crypto fans discuss the many reasons behind why the XRP lawsuit is taking so long.
The SEC vs Ripple case has been going on since late 2020. Now we’re moving into Q3 of 2023 and the world grows more restless to hear the court’s verdict on this long drawn-out case. Most are speculating a positive ruling in XRP’s favor by the end of this Q3.
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When will the Ripple and XRP lawsuit come to an end is the question on everybody’s mind right now. A short discussion on this matter took place on Twitter between members of the online crypto community. Let’s look at all the different reasons behind why the XRP lawsuit is taking so long.
According to this tweet, the responses have been undeniably about both sides of the lawsuit simply buying time. One response says that the lawsuit drew a lot of attention but if it takes a long time then people will lose interest.
In this response’s point of view, they believe that the value for XRP will eventually explode as it offers a worthwhile use case. Therefore, holders of XRP will gain exponential wealth in time, in their opinion. Therefore, the SEC is pushing the duration of the lawsuit to shake off interest, this way a lesser pool of people will profit.
Meanwhile, another response believes that the XRP lawsuit is taking a long time because the judge is expecting both sides to settle instead of an all out battle. Simultaneously, the same response says that Ripple is delaying the lawsuit to onboard more ODL (on-demand liquid) partners.
In the latter case, this allows Ripple to accumulate clients, customers, and users who will buy XRP at a discount. This is the whole take of this response. They also add their expectation for the XRP lawsuit to end in another month or so which will take us closer to the end of Q3 2023.
In addition, another response says it’ll take another year for the XRP lawsuit to come to an end. However, they fail to provide their explanation for this point of view. Instead another response provides a possible explanation for the XRP lawsuit to end in another year. This reason says any and all delays are likely due to the ridiculously slow pace of the American legal system.
All in all, the XRP and crypto community are standing by Ripple during this long and hard fought battle. The word is that the SEC only has a 3% chance of winning. The price of XRP just took a dip, another reason that supports the first response. As the verdict delays more holders lose interest and sell at a low price. Meanwhile, true believers hold and accumulate more XRP waiting for their grand moment in the sun.
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