- Analyst Huber predicts Ripple’s win in the SEC lawsuit, based on the SEC’s weak case.
- Lawyer John Deaton and Ripple’s CLO, Stuart Alderoty, express confidence in Ripple’s defense.
- Analysts forecast a significant XRP price boom, given Ripple’s potential win and XRP’s promising future in the NFT industry.
Renowned analyst, Mr. Huber, known amongst the XRP community, has recently expressed confidence about the outcome of the ongoing SEC vs. Ripple lawsuit, forecasting a victory for Ripple. He asserted that the SEC’s case against Ripple executives, Brad Garlinghouse and Chris Larsen, is essentially over, backed by the former SEC director Marc Fagel’s potential agreement with his view.
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Huber’s conviction originates from the SEC’s apparent inability to show evidence of ill-intent on Ripple’s part, severely undermining their case. The SEC, back in December 2020, had charged the executives and Ripple with violation of federal securities laws, accusing them of selling XRP without proper registration. It contended that both executives dispersed XRP recklessly.
John Deaton, a lawyer with pro-XRP sentiments, aligns with Huber’s viewpoint. Deaton highlighted the SEC’s struggles in classifying XRP as a security back in 2018, leading him to question the justification of accusing the executives of recklessly distributing XRP five years prior.
Backing the same stance, Ripple’s Chief Legal Officer, Stuart Alderoty, has dismissed the SEC’s charges as absurd, emphasizing the need for the SEC to prove the executives’ intentional law violation to establish their “recklessness” argument.
In addition to the lawsuit predictions, Huber anticipates a favorable verdict from Judge Analisa Torres regarding XRP’s secondary market sales. He expects the judge to conclude that these transactions do not qualify as securities, emphasizing the importance of individual transaction assessments.
On a separate but equally exciting note, Ragzyart, the founder of SpaceMermaids Game, has forecasted an XRP price explosion, citing XRP Ledger (XRPL) as a key catalyst. In a recent interview, Ragzyart recognized the potential of XRPL as a game changer for XRP and the Non-Fungible Tokens (NFTs) industry.
He specifically applauded XRPL’s swift transaction speed compared to Polygon and Ethereum, predicting it to be revolutionary for NFT creators and artists.
The future of the Ripple Network and XRP seems to be glimmering with positivity. With an anticipated win against the SEC and the potential of XRPL to transform the NFT industry, XRP’s price is poised to experience a significant surge. This will further solidify Ripple’s standing in the market, fostering a promising outlook for the future of Ripple Network and XRP trading price.
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