$XRP price could skyrocket if Ripple wins its legal battle with SECGov
, suggesting that XRP has the most attractive risk/reward ratio and that its price could skyrocket if the court rules in favor of Ripple in its ongoing legal battle with the U.S. Securities and Exchange Commission .
The SEC has accused Ripple Labs, the company behind XRP, of raising over $1.3 billion through an unregistered, ongoing digital asset securities offering. The crux of the case is determining whether XRP should be classified as a security. If Ripple emerges victorious, it could provide much-needed clarity and pave the way for XRP's future growth.
Deaton's tweet indicates that if the SEC wins, Ripple could appeal the decision, maintaining the status quo. However, if Ripple wins and XRP is deemed not to be a security, the upside could be substantial. The court decision is expected within the next few weeks, possibly even this week, as Judge Torres has not yet reached the six-month mark since the case was last pending.
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