Table of Contents [ Show ] Ripple (XRP) Price If you're waiting for XRP to hit $5, you'll have to wait until 2025, according to the site . It has been a hectic few weeks of unsealed memos, and despite the ongoing war, the XRP community was eager to know whether things were looking up for the controversial crypto asset. US Congressman Proposes Bill to Block Federal Reserve from Creating American CBDC What's Going On? Ripple (XRP) lawsuit coming to an end. One of its reporters later revealed that a Ripple spokesperson had denied these claims. Once the bridge is implemented, the blockchain will join numerous networks that leverage this technology, including Ethereum, Avalanche, Solana, Binance Smart Chain, and others. If you rely on the information on this page then you do so entirely on your own risk. SEC Suit Could End In April 2022. Since then, more industry players have requested permission to send in amicus briefs in support of Ripple. So well see how it plays out from here. COIN. Ripple CEO Brad Garlinghouse discussed the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over XRP earlier this month in an interview with Axios at the Collision 2022 event. Hoskinson said: Thus it seems totally unnecessary to construct elaborate personal attacks on former and current government employees and also attack Bitcoin for its energy use or Chinese influence. He said: We think this is just a gross overreach of the SEC, trying to wrest control of that uncertainty that has existed [on regulation]., Alderoty also commented on the need for regulation. XRP Price Prediction 2023-2032. Until then, the Ripple lawsuit outcome is up in the air. Just like the broader crypto market, XRP went down rapidly since the beginning of the year. He tweeted: There is no regulatory clarity on how to classify and use crypto in the US, which is why the SEC is using regulation by enforcement to bring all crypto under their remit. In August 2023, the XRP cost may drop to a minimum of $0.439956. The lawsuit, which the SEC filed against Ripple in December, alleges that Ripple raised more than $1.3 billion by selling XRP in ongoing unregistered securities offerings. However, Eleanor Terrett, a reporter for the channel, revealed in a since-deleted tweet that a Ripple spokesperson had dismissed this claim. The XRP price has dropped by 3% in the past 24 hours, falling to $0.367287 as the market reels from concerns over the financial health of Silvergate Bank. Strangely enough, the market cap ratio has remained largely the same. -6.29%. XRP was once the coin with the greatest potential and innovative use cases for financial institutions and banks. Attorney and XRP supporter John Deaton is now outlining when he thinks the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple will arrive at its long-awaited conclusion. Jeremy Hogan, a renowned lawyer within the XRP community, has given an estimate on when the long-standing SEC v. However, Hoskinson has since been the target of abuse from the XRP community. Answer (1 of 3): No, because Ripples real use isn't tied to XRP. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Reports revealed that XRP spent a lot of money on this lawsuit. XRP Price Prediction 2023 -up to $0.62; XRP Price Prediction 2026 -up to $1.89; XRP Price Prediction 2029 -up to $5.66; XRP Price Prediction 2032 -up to $17.09; As SEC loses ground in its suit against Ripple, the odds are for a turnover of Ripple's fortune.Some industry observers point out that Ripple's minor victories in NFTs and ODL could result in a . This revealed that it had processed $226.31 million in net XRP sales in that quarter alone, with its on-demand liquidity product now available in over 40 countries, following launches in France, Sweden and Africa. The crypto is currently trading at $0.374949, although significantly down from its 2018 all-time high of $3.84. In his opinion, any component of the litigation can be settled at any time. This is yet another transparent attempt to further delay resolution of this case and the Court should reject it. pic.twitter.com/vTH9w2RV9t. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. These regulations will determine whether a cryptocurrency is a security or not and which jurisdiction it will come under - the SEC or a different authority. Ripple Labs is a registered American company, meaning that the SEC is able to pursue legal action against them, unlike bitcoin (BTC-USD), where the creator is unknown, or other big cryptocurrencies that are registered outside the U.S. This relates to the long-running legal battle between Ripple and the SEC, with Ripple CEO Brad Garlinghouse saying on Thursday that he expects it to end this year, potentially bringing very bullish news for XRP. Then, on 21 November, a status conference was held between LBRY and the SEC. he court upholding its right to present a fair notice defense, Judge Torres granting it access to important documents and emails, Binance, PoS Giant Ingenico Seal In-store Crypto Pay Deal, Terra Luna Classic Price Prediction as LUNC Turns Green Here's Where LUNC is Headed Now. This ruling has quite a few similarities with the XRP case. He added that the business would leverage Ripples On-Demand Liquidity technology to streamline its cross-border payments. Embattled cryptocurrencyXRP(XRP-USD) has seen its fair share of volatility over the past year. Wright believes the case outcome will end Ripple and XRP. On the other hand, if a bullish breakout of the $0.3847 resistance level occurs could expose it toward the $0.3975 level. -1.17%. Do you think SEC will win the lawsuit against Ripple over XRP? XRP Lawsuit Might Not End In Settlement; Here's Why. There was some confusion on 14 November 2022 when Fox Business reported that a settlement had been reached in the Ripple/SEC lawsuit. But I feel very good about where we are relative to the law and the facts.". If there are no oppositions or motions filed by either party leading up to the date that the judge makes a decision, then the XRP lawsuit could end in Q4 2022 or early 2023. He told Capital.com: We will continue to fight this case so that the industry can get the regulatory clarity it desperately needs so that crypto innovation can flourish in the United States.. However, the SEC asked the judge to deny these requests. XRP tracked the broader crypto through the week, with market . Needless to say, he received a lot of flack for the same. Ripple has disputed the SEC's findings, arguing XRP should be treated as a virtual currency rather than an investment contract like a stock. They want to remake it all in an impermissible effort to expand their jurisdiction far beyond the authority granted to them by Congress. Cryptoasset investing is highly volatile and unregulated in some EU countries. It tweeted: Judge said SEC should provide clarity on legal secondary sales, SEC smirked/laughed at him.. It also rose after the Hinman ruling later that month. Given the current market scenario, experts opine that XRP is set for a price rise. That case, of course, is the lawsuit brought in late 2020 by the SEC against payment settlement company, Ripple. Ripple anticipates that the case will be resolved this year, nearly 15 months after it was first filed. Of course, it actually has to secure a favorable summary judgment first, yet the opinion within the industry is that it has a good chance of doing this. XRP/USD. Im betting that because the law is on our side. Today, anintriguing tweet from journalist Eleanor Terrett suggested a closed-door meeting at the SEC could lead to an announcement on this ongoing case. And so that leaves very little space in the Venn diagram for settlement.". It could be that a win for the crypto company in the Ripple/SEC lawsuit could lead to the price going up and a loss in the Ripple lawsuit could cause it to drop, but we do not know for sure. The SEC has sued XRP and parent company Ripple in 2020 . Ripples legal team received the documents on 20 October. Today's Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits. They win the lawsuit then price will skyrocket . Bitcoin Price and Ethereum Prediction: Can BTC Continue to Soar Above $24,000 and What's Next for ETH? This would only stunt XRP's growth in the indices, making it harder . This potential harm to the SECs mission outweighs the publics right to access documents that have no relevance to the courts summary judgment decision., If the SEC cannot evaluate the veracity of such claims then it had no business bringing this litigation in the first place., The absence of formal rulemaking has led to unexpected enforcement actions like this one that create market uncertainty and profoundly disadvantage US trading platforms like Coinbase as they compete with offshore platforms in jurisdictions where there is no risk of regulatory enforcement surprise., Ripples decision to fight this case in court provides an opportunity for the industry to push back against the SECs regulation by enforcement agenda and open the door to modernised standards for the industry., The difference between trading assets and CFDs. According to the attorney based in Florida, the result of the lawsuit between Ripple and the SEC is being eagerly awaited across the sector, with Pickett highlighting that: "If Ripple is successful in their lawsuit, it could help solidify XRP's legality in the US market, which would benefit its price.". The Ripple executive quickly emphasized that in that situation, XRP would only be considered a security in the United States. The Ripple/SEC lawsuit: Filing ends. The SEC filed a complaint against LBRY claiming it had failed to register its initial token offering. Type a symbol or company name. However, according to the majority of legal experts who have shared updates regarding the suit, Judge Analisa Torres will render her decision on or before March 31, 2023. The dates . The value of XRP dropped dramatically. The SEC says Ripple violated securities laws when it failed to register with the . . From there it fell to a periodic low of $0.334 on 19 December 2022, before recovering slightly to a high of $0.372 on 27 December 2022 dropping to close the year at$0.3399. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The global crypto community is eagerly waiting for a final ending in the long running XRP lawsuit. . 1125 N. Charles St, Baltimore, MD 21201. Attorney John Deaton, who is representing XRP holders in the SEC Ripple lawsuit, explained what is happening behind [] If the SEC wins in the legal dispute, XRP (the native cryptocurrency of the Ripple Blockchain) will no longer be regarded as a currency in the US but rather as a security. As noted above, Ripple's Brad Garlinghouse has once again reiterated that he expects his firm's case with the SEC end this year, with the CEO also saying that the case's outcome is "going to be pivotal for the whole industry.". Despite the downbeat news coming from Silvergate, XRP holders have reason to be optimistic over the longer term. This lawsuit has stretched longer than anyone had anticipated. 1 min read. Additionally, on or about the end of March next year, Judge Torres will rule on both the petitions for summary judgement and the experts at the same time. While the ball seems to be in Ripple's court, the legal battle seems to be a long way from coming to an end. 2023 InvestorPlace Media, LLC. Garlinghouse's comments came as final motions in the XRP lawsuit were put to the court, with the final ruling expected at some point this year. Bullish scenario: Ripple wins the case against the SEC, and the token gets relisted on American exchanges. https://t.co/oMUjZwBkZo. With the end of the lawsuit looming and the overall crypto market improving, Ripple is a coin to keep on your watchlist in 2023. Thats because whether cryptocurrencies are deemed securities could dictate the ability for the SEC and other regulatory agencies to police this unregulated sector. Pro-XRP Lawyer Forecasts End of Ripple Lawsuit As Rumors of Settlement Swirl. He said: He said: We think [the judge] has the information to make a ruling and we think that it is very clear that the SEC is grossly overreaching its authority., Garlinghouse criticised the SEC again on CNBC the following day. Ripples chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to be an unregistered securities offering. TERRA 2.0 Price Prediction 2023, 2024, 2025: Will LUNA Recover The $10 Mark? Following a 2.06% decline on Friday, XRP ended the day at $0.7055. At the end of September 2022, Judge Torres ordered the SEC to hand over the documents by William Hinman, a former corporation finance division director at the SEC. . [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. Let us know in the comments section below. Brad did state that he wouldnt settle unless theres clarity. 1125 N. Charles St, Baltimore, MD 21201. Could Bitcoin Hit $200 Trillion Market Cap By 2032? If the SEC is to demonstrate that Ripple did sell unregistered securities, it needs to provide a clear exposition of what exactly this common enterprise is, yet for some it hasn't quite done this. Ripple has also secured positive rulings in the past year, including the court upholding its right to present a fair notice defense. As of . Professionals like former US congressional candidate Gokhstein believe that if Ripple scores a win, it will contribute to the massive rise of the entire cryptocurrency market. Thats because XRP and its parent company Ripple have been embroiled in a lawsuit from the Securities and Exchange Commission (SEC), dating back to late 2020. This highly-debated legal case could be precedent-setting for the sector, and investors are watching closely. During the interview, Garlinghouse was asked what would happen if he does not get a ruling in his favor and XRP is deemed a security. All rights reserved. He added: Its frustrating its taking this long. Image Credits: Shutterstock, Pixabay, Wiki Commons. Assuming a positive result for Ripple, one in which it's enabled to continue its business, there's little doubt that XRP will rally strongly. The tokens price then dropped to $0.32 on 9 November 2022. Ripple is still growing very, very quickly, Garlinghouse said. For instance, November saw Ripple succeed in having 14 amicus briefs including one from Coinbase filed on its behalf to the presiding court, with each presenting testimony and evidence in its favor. In my opinion, there are three possible scenarios : It will be interesting to see what happens with the lawsuit, moving forward. Some notable names include Axis Bank, Federal Bank, Canara Bank, Metrobank, and more. . Its all-time high stands at $3.40, and was set back in January 2018, meaning that it missed out on setting a new record high during the 2020-21 bull market. Ripple and the U.S. Securities and Exchange Commission accused one another of stretching the law, as they argued for a ruling on whether the XRP, the world's seventh-largest cryptocurrency, is a . XRP Price Prediction as Ripple Lawsuit Set to Conclude in 2023 Can XRP Reach $10 if Ripple Wins the Case? This also includes Judge Torres granting it access to important documents and emails related to a 2018 speech given by William Hinman, with these documents potentially including evidence related to whether the SEC may have previously regarded XRP as not a security. Alderoty's comments come not that long after bosses at the tech firm expressed their confidence that the case, which is currently before Judge Analisa Torres of the United States Southern District Court of New York, would be decided relatively soon. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Don't have your own account? Following that, the company will look into public markets. FOLLOW ME ON TWITTER: www.twitter.com/@1KNG33FOLLOW ME ON INSTAGRAM https://www.instagram.com/1grandkng/XRP takeover is imminentXRP will explode XRP is the goat Here are three key dates on the road to a settlement. THE price of XRP has fluctuated in 2021, as it continues to be affected by a lawsuit with the US Securities Exchange Commission (SEC).We explain how t . He said he had heard rumours XRP v SEC could be finalised around 15 December. The debate on how cryptocurrencies should be classified is big in the crypto world. 84% of retail investor accounts lose money when trading CFDs with this provider. Were optimistic that this will certainly be resolved in 2023, and maybe [in] the first half. However, if either party files motions or appeals, or the judge decides that she needs oral arguments, then final judgment on the case could be further delayed. The SEC has filed a lawsuit against blockchain-powered fintech firm Ripple over the $1.3 billion unregistered sale of XRP. No consumer protection. It may represent the bottom of any further fall today, providing buyers with a good entry point. Tokenizing the Titanic: New Partnership Brings Real Artifacts from Wreckage to NFT Market. However, no one knows what Judge Analisa Torres decision will be. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Mayukha Vadari, a software engineer at Ripple, recently tweeted about the new cross-chain bridge protocol and shared the link on the same. in order to end the lawsuit . According to the graph, a bearish breakdown of the $0.3750 support zone would pull it down until the next support area of $0.3702 or $0.3620. Howey Co., . Sign up below to get this incredible offer! Even amidst the ongoing lawsuit, Ripple managed to form a new alliance with the Dubai-based Joyalukkas Exchange. I think the SEC has massively overstepped and is trying to take kind of jurisdictional ownership over something that is I think they saw this gray area theyre like hey we are going to go in,' the Ripple executive explained. This was followed by by the judge denying an SEC application to redact the names of the consulting firms that assisted its expert witnesses on 19 December 2022 as part of a series motions, which were granted, to seal court documents in connection with expert challenges. Ripple is also arguing that the SEC has no jurisdiction over XRP tokens as many of them have been bought and sold through exchanges outside of the U.S. Indeed, with all existing briefs having now been filed, it seems that XRP holders (as well as Ripple and the SEC) are mostly waiting for the judge to reach a decision. It peaked at $0.507 on 5 November, but then plummeted after the LBRY news. Additionally, on or about the end of March next year, Judge Torres will rule on both the petitions for summary judgement and the experts at the same time. Blockchain-powered Gaming Company, Affyn Adds New Virtual Lands To The NEXUS World Metaverse, Bitcoin Soars Over $25K and MEXC (MX) Hits Intra-Year High. This was officially filed on 14 November. The SEC . January saw some growth, with XRP closing the month at$0.4064, before it slumped slightly to trade at around $0.3975 on 7 February 2023. Ripple (XRP) came out in 2012 and did pretty well until the case with the SEC. This dynamic will change. Several legal experts have offered potential dates for when the decision will be made. . Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. "The SEC and [SEC chairman] Gary Gensler has very outwardly said he views almost all crypto as a security. Attorney Jeremy Hogan of the Ripple community, believes that the SEC's lawsuit against the payments giant could be . Ripple has plans to launch a new cross-chain bridge for the XRPL network to support cross-chain transfers between different blockchain networks. Ripple's opinion is that XRP isn't a security, but because of the lawsuit, XRP once the third-biggest crypto in the world had been delisted by several exchanges, including Coinbase. It's highly arguable that $0.36 is a massive discount for XRP, which is in a position to benefit from some highly significant news this year. However, the SEC subsequently applied on 22 December 2022 to prevent the Hinman documents from being made public in the XRP lawsuit, including any references in court papers submitted by Ripple Labs. Despite the long ongoing legal process, no significant breakthrough has been seen until this week. The altcoin's current price represents a 10% gain in a week and a 20% rise in the last 30 days, pushed upwards by the market expectation that the aforementioned case has entered its end phase. Bullish Momentum On XRP The case between Ripple Labs and the SEC continues to make headlines four months after the regulator initiated the lawsuit at the end of 2020. While they remain confidential for now (at the SECs insistence), I can say that it was well worth the fight to get them.. [{"url":"https:\/\/cryptonews.com\/news\/best-crypto-to-buy.htm","name":"Best cryptocurrency to buy\/invest in","children":[]}]. The same day both parties met to discuss any redactions in the court filing, and the summary judgments were made public on 5 December. The SEC declined a request from Capital.com for a comment. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Ripple consented and revised dates were adopted, according to Filan. XRP has recently recorded a $600 million trading volume, and investors are now curious to know if the cryptocurrency can reach $10 in 2023. And while many in the crypto community would welcome some level of regulation, its unclear how much would ultimately benefit token holders. Prior to this, the parties had filed their initial motions for summary judgment, published . On a new episode of Real Vision Crypto, Deaton was asked whether he sees the timeline for summary judgment in the case to happen by March 31st. "The lawsuit has gone exceedingly well, and much better . And assuming that this is a favorable one for Ripple (i.e. effectively putting an end to this . For the first time in almost five months, XRP broke through the $0.40 level. Both the SEC and Ripple Labs, the company behind the ripple ( XRP) cryptocurrency, had until 30 November 2022 to submit a reply in support of their summary judgment motions, which were made public on 2 December 2022. Against this backdrop, G20 highlighted cryptos and underlined the need for a strong global regulatory framework. It rose to a high of $0.55 on 23 September 2022, a 71% increase from the $0.32 low seen a week earlier. XRP's growth is largely tied to the SEC vs. Ripple lawsuit, and Chairperson Gary Gensler remains in hot water for his recent comments with New York Magazine. Therefore, the lawsuit against Ripple is crucial for all parties involved in the cryptocurrency industry, including investors, developers of blockchain technology, and global lawmakers. With that said, its clear a resolution to this case would likely be beneficial for token holders in the near term. Will Be Even Bigger Than Your Wildest Expectation, 7 Over-$100 Stocks That Are Worth Every Penny, Louis Navellier and the InvestorPlace Research Staff, Michael Burry Is Betting Big on These 2 AI Stocks, 5 Investors Betting Big on Exela (XELA) Stock in 2023. While Ripple has not denied the sale of XRP, the cryptocurrency company has argued that it does not meet the Howey Test criteria. Thus, sometime after 2 p.m. EST today could be when we hear what the ultimate resolution is with respect to this ongoing lawsuit. According to the complaint, in addition to structuring and promoting the XRP sales used to finance the company's business, Larsen and Garlinghouse also effected personal unregistered sales of XRP totaling . Oh man that's a huge gamble for people still buying xrp. In October 2022, Garlinghouse said at the DC Fintech Week conference that the end was in sight and the lawsuit would end in the first half of 2023. This price prediction was fueled by recent developments in the XRP ecosystem and a broader surge in the cryptocurrency market. as the crypto community votes at CoinMarketCap expect it to climb as much as 9.8% by the end of March, . SEC Staff Clash With Genslers Crypto Stance, Could Rippe Lawsuit See a Breakthrough? Hundreds of XRP holders joined attorney John Deaton's class action lawsuit against the United States Securities and Exchange Commission (SEC) this weekend. He argued that XRP, like most Layer 1 protocols, does not pass the Howey Test and is not a security. The XRP community hopes the ongoing lawsuit will end soon since it has dragged the asset's performance down significantly in the past two years. Ripple Vs SEC Lawsuit Gets The Final Ruling Date, Ripple, The Movie: From Scrappy Startup To LegalBattlefront By David Schwartz and ChatGPT, Ripple Vs SEC Lawsuit To See End This Year Says CEO Brad Garlinghouse. The key support level here is $0.36, which XRP held fast to earlier this morning. Speaking last week, CEO Brad Garlinghouse told CNBC that he expects the case to conclude by the end of this year at the very latest, if not by the end of the first half of 2023. Garlinghouse and Ripple Labs chair, Chris Larsen, claimed the sales were legal. Capital Com is an execution-only service provider. XRP ( XRP-USD) surged overnight before giving up some of its gains today on news that a potential settlement could be on the horizon. 5 Stocks Under $49 . For the moment, this issue is being avoided by SEC chairman Garry Gensler. Copyright The SEC is not looking to apply the law they are looking to remake the law in the hopes that it can impermissibly expand their jurisdiction.. Likewise, XRP's relative strength index (purple) has sunk to just below 40 - once it reaches 30 or lower, it will have entered oversold territory, implying the profitability of buying it at a discount. Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. XRP is one of the few mega cryptocurrencies which failed to achieve a new all-time high during the 2020-2021 bull market. This display of cooperation made some people believe that a resolution was near but District Judge Analisa Torres has yet to set a date for another hearing. According to Reuters, Hinman said: The Hinman documents could be a key piece of evidence for Ripple as they could reaffirm its position that XRP is not a security. These G20 headlines and the rising Fed concerns are causing XRP to remain under pressure. This was highlighted last week, when it charged NEXO and settled with it on the same day for selling an unregistered security (via a lending product), whereas, by contrast, it has struggled for over two years to secure a ruling against Ripple. But without a settlement, the case will likely continue into early 2022 . Tailwind of legal wins propel XRP's market cap past US$70 billion as Ripple CEO and chairman ask court to drop SEC's charges against them. It is powered by the XRP native cryptocurrency, which initially launched in 2013 to raise funds for the company. XRP/USD Price Chart - Source: Tradingview. Ripple was then handed a small win, as the judge hearing the case ordered the SEC to hand over the Hinman documents, which were exchanged on 20 October 2022. XRP is one of the few mega cryptocurrencies which failed to achieve a new all-time high during the 2020-2021 bull market. He tweeted: To be clear, the SEC hasnt labeled XRP a security, nor does it have the power to do so., To be clear, the SEC hasnt labeled XRP a security, nor does it have the power to do so. This was a win for the Ripple team, as the documents mainly referenced a speech given by Hinman at the Yahoo Finance All Markets Summit in 2018, in which he said that ether was not a security. Ripple's XRP Report for the final quarter of last year indicated that it sold another $226.3 million worth of its native token . Buyers came in strong, and broke through the previously-mentioned resistance levels (areas on a chart where the sellers are stronger) from this weeks "Cryptocurrencies to Watch" article. Federal judge Sarah Netburn has initially ordered the SEC to produce emails relating to Hinman's speech on it, but the SEC challenged that order. Should the same waiting period apply in the XRP lawsuit, and taking into account that briefing will only end on December 20, 2022, then the XRP case could be over by March-April 2023. If there's one silver lining coming from the market's troubles today, it's that XRP's indicators are now in a position where the coin should rebound soon. On December 21, 2020, the Securities and Exchange Commission (SEC) filed a high-profile enforcement action against a major cryptocurrency company. The XRP price has dropped by 3% in the past 24 hours, falling to $0.367287 as the market reels from concerns over the financial health of Silvergate Bank. Ripple is a cryptocurrency network that aims to bring fast, low-cost payments to financial institutions. Emphasizing that he is betting that Ripple will win the case against the securities regulator, the executive affirmed: Im betting that because I think the facts are on our side. 5 min read. Attorney and XRP supporter John Deaton is now outlining when he thinks the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple will arrive at its long-awaited conclusion. The lawsuit crashed the price of XRP while making the cryptocurrency . He also tweeted that Ripple's attorney will strongly recommend a settlement if the SEC accepts in writing that all current and future XRP transactions are not securities.