A negative settlement from Ripple would be a “loss for the whole world & WEB3,” in the opinion of pro-crypto former U.S. congressional candidate January Walker.
Gokhshtein Media founder and blockchain enthusiast David Gokhshtein also chimed in on the matter, tweeting on December 10 that “We need Ripple to win this case and not settle, ” “in which case he predicted the worst.
A settlement may have “catastrophic ramifications for the industry one way or the other,” Hoskinson said during the AMA on December 10.
In the meanwhile, Hogan & Hogan partner and crypto lawyer Jeremy Hogan says various results are possible. Hogan told his 157,000 YouTube viewers on December 10 that there was an approximately 50% probability that Ripple wins and a “110.6% possibility of something happening shortly.“
The attorney speculated that if Ripple prevails, it will be because “it had no legal commitment to purchasers of XRP after the sale occurred, no post sale responsibilities, in other words there can be no investment contract without an investment contract.”
He also affirmed a forecast made by defense attorney and former federal prosecutor James Filan on November 4 and dubbed it a “proclamation from a legal God” that the case will be decided on or before March 31, 2023.
Ripple CEO Brad Garlinghouse told a panel at DC Fintech Week on October 11 that he anticipates the case against the firm to complete within the first half of 2023, but that it is hard to forecast.
He has previously stated that Ripple would consider reaching an agreement with the SEC if XRP is not deemed a security.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Chubbi
Coincu News
BlockDAG crosses $170.5M in presale success with BDAG250 bonus and Whitepaper V3 launch! Solana grows…
Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…
Over the years, meme coins have evolved from inside jokes into serious investment opportunities.
Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…
Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…
Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…
This website uses cookies.