Cardano Founder, Altcoin Daily, Others All Expect SEC vs. Ripple Lawsuit To End in June

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Top cryp­to stake­hold­ers pre­dict that the res­o­lu­tion of the SEC vs. Rip­ple law­suit could hap­pen this month.

Cryp­to com­mu­ni­ty mem­bers have been antic­i­pat­ing the res­o­lu­tion of the SEC vs. Rip­ple law­suit. It is worth not­ing that the out­come of the legal bat­tle, which has lin­gered for more than two years, could decide the future of cryp­to reg­u­la­tions in the Unit­ed States. 

Even though the case has been ful­ly briefed in the Unit­ed States South­ern Dis­trict Court of New York, no one knows the exact date when the case will be concluded.

How­ev­er, wide­spread spec­u­la­tion is that the mul­ti-year legal bat­tle could end soon. Top cryp­to stake­hold­ers spec­u­late that the final res­o­lu­tion of the Rip­ple law­suit could hap­pen this month.

Predictions from Top Crypto Enthusiasts 

Last month, Rip­ple CEO Brad Gar­ling­house first dis­closed that Judge Anal­isa Tor­res would issue a sum­ma­ry deci­sion in the com­ing weeks. Car­dano founder Charles Hoskin­son also shared the same sentiment. 

Dur­ing a “Sur­prise AMA (Ask Me Any­thing)” on May 31, Hoskin­son dis­closed that Ripple’s law­suit could be resolved in June. Hoskin­son made this known after a view­er asked him if the case could end any­time soon.

“Yes, I do. I think it’s prob­a­bly next month [June],” Hoskin­son added.

On June 1, promi­nent cryp­tocur­ren­cy YouTu­ber and Twit­ter account Alt­coin Dai­ly, with 1.3M fol­low­ers, also com­ment­ed on the wide­spread rumor regard­ing the end of the case. Accord­ing to Alt­coin Dai­ly, the rumors sug­gest the SEC vs. Rip­ple law­suit will end this month.

Inter­est­ing­ly, an XRP com­mu­ni­ty mem­ber Ash­ley Pros­per shared a series of events point­ing to the pos­si­bil­i­ty of the law­suit being resolved in June. Some events include Garlinghouse’s remark, the upcom­ing release of Hinman’s emails, etc.

Keyur Rohit, a Bit­coin believ­er, also expects a final ver­dict in June.

The High-Profile Lawsuit 

For con­text, the legal bat­tle between the SEC and Rip­ple has attract­ed the atten­tion of cryp­to com­mu­ni­ty mem­bers. Recall that the SEC offi­cial­ly sued Rip­ple and two of its exec­u­tives in Decem­ber 2020, alleg­ing that the com­pa­ny con­duct­ed unreg­is­tered secu­ri­ties offer­ing via its past and ongo­ing sales of XRP. 

Rip­ple has report­ed­ly spent over $200 mil­lion defend­ing itself and its exec­u­tives against the SEC in court. The law­suit has been ful­ly briefed, with a res­o­lu­tion expect­ed soon. 

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Dis­claimer: This con­tent is infor­ma­tion­al and should not be con­sid­ered finan­cial advice. The views expressed in this arti­cle may include the author’s per­son­al opin­ions and do not reflect The Cryp­to Basic’s opin­ion. Read­ers are encour­aged to do thor­ough research before mak­ing any invest­ment deci­sions. The Cryp­to Basic is not respon­si­ble for any finan­cial losses.

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