Crypto lawyer sees bright outlook for XRP as Ripple v. SEC case reaches conclusion XRPArmy XRPCommunity Belisarius2020 XRPHolders $XRP
The Ripple-SEC lawsuit, which was filed in December 2020, has gone on for more than two years, but recent events have given the crypto community hope for a quicker resolution.
The U.S. Securities and Exchange Commission filed a lawsuit against Binance, the operating company for Binance.US, and Binance founder and CEO Changpeng"CZ" Zhao on allegations of breaking federal securities laws, dealing a severe blow to the cryptocurrency sector. The XRP community reacted to the news, calling it an attack on the crypto industry."It is indeed another step in the SEC's attack on the industry and way past time to unite," Bill Morgan commented on the Binance CEO's post about the move being an attack on the entire industry."SEC sues Binance.
On June 13, 2023, public, redacted versions of cross-motions for summary judgment and accompanying exhibits, which include the Hinman materials, are expected to be made available.In his latest prediction on the resolution of the lawsuit, Ripple CEO Brad Garlinghouse anticipates the case to be resolved"in weeks, not months."
In its most recent quarterly report, Ripple anticipates a decision on summary judgment in 2023, though the timing is ultimately up to the court.
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