The Ripple SEC lawsuit remains a focal point in the XRP community, with recent predictions from former Ripple director Sean McBride suggesting potential outcomes.
Initially, rumors were that Judge Torres would issue the final ruling in the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) in July.
However, some experts including Fred Rispoli and James Murphy initially speculated that this ruling would come in August. McBride has shared his insights on X, providing a perspective on whether Judge Torres will issue a ruling this August.
Ex-Ripple Executive Foresees 50/50 Chance for August Ruling
Sean McBride recently posted about the likelihood of Judge Torres ruling on the case in August regarding the Ripple SEC lawsuit. His post has gained significant attention from the XRP community and the broader cryptocurrency world.
According to McBride, there is a “50/50” chance that a ruling will occur this month. In response to a comment about Ripple CEO Brad Garlinghouse’s earlier prediction of a summer resolution, McBride added that if the ruling is delayed, Judge Torres might still issue the final ruling by the end of September.
Speculation about a potential settlement between Ripple and the SEC is also rising among the XRP community. However, legal experts, including pro-XRP attorney Bill Morgan and former SEC lawyer Marc Fagel, have expressed skepticism regarding the likelihood of such a settlement happening.
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XRP Community Awaits Outcome
The lawsuit has sparked diverse opinions among legal analysts and XRP supporters. Comments from Ripple executives, including CEO Brad Garlinghouse, have heightened expectations for an imminent conclusion to the case.
The XRP community is hopeful that a favorable judgment for Ripple could set an important precedent for other cryptocurrencies and impact U.S. crypto regulations. On the other hand, an unfavorable ruling could have far-reaching consequences for the broader crypto industry. The community hopes that the end of the lawsuit will set XRP in line with the looming 2024 bull run.
As the deadline for a ruling approaches, the potential impact on the cryptocurrency market could be significant. A positive outcome for Ripple could enhance investor confidence and promote regulatory clarity, whereas a negative outcome might empower the SEC to go after other cryptocurrency companies more aggressively. Intriguingly, McBride has also expressed his belief that a favorable ruling could set XRP on a significantly bullish path.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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