Ripple Lawsuit Nearing End, Outcome to Have Major Impact on Crypto Industry

The Ripple lawsuit, which has been ongoing for 29 months, is nearing its end. Ripple Labs (XRP) has spent over $200 million defending itself in court. Cardano and Ethereum founder Charles Hoskinson believes the case will be resolved in June.

During a recent “Surprise AMA” interview on YouTube, a viewer asked Hoskinson: “Charles, do you think the Ripple case gets resolved soon?”

To which Mr. Hoskinson answered: “Yes, I do. I think it’s probably next month.”

Hoskinson’s prediction is based on the fact that both sides have filed their closing arguments. The judge is now expected to issue a ruling in the coming weeks.

The Ripple lawsuit is a major test for the cryptocurrency industry. If Ripple is found guilty of selling unregistered securities, it could have a chilling effect on the development of new cryptocurrencies.

However, if Ripple is found innocent, it could be a major victory for the cryptocurrency industry and could help to legitimize cryptocurrencies in the eyes of regulators.

Ripple Labs CEO Brad Garlinghouse has grown more confident in recent weeks as the case wears on. A string of small victories for Ripple against the SEC has emboldened XRP investors as well.

The unsealing of the Hinman documents in the case earlier this month was a huge victory for Ripple Labs.

They contain the transcript of a 2018 speech by William Hinman, in which the former SEC director argues cryptocurrencies are commodities. The current chair of the CFTC agrees.

The U.S. Securities and Exchange Commission (SEC) has been pressing its case against Ripple Labs since December 2020. At the time, the price of the native token crashed 17% in 24 hours.

While fending off the SEC in a long-running suit to classify XRP tokens as securities, Ripple prices at exchanges have reflected the uncertainty of what will happen next.

So a resolution one way or the other to the case will likely be positive as far as letting markets know what to expect. Then crypto investors will be able to evaluate XRP market prices with more confidence.

Additionally, markets will be able to move on to evaluating other aspects of Ripple’s value, like trends in its network activity and development roadmap.

The outcome of the Ripple lawsuit will be closely watched by the cryptocurrency community. A victory for Ripple would be a major boost for the industry, while a loss could have a devastating impact.

What will happen to XRP if Ripple loses the lawsuit?

If Ripple loses the lawsuit, it is likely that the SEC will take steps to classify XRP as a security. This would mean that XRP would be subject to the same regulations as other securities, such as stocks and bonds. This could have a number of negative consequences for XRP, including:

*A decrease in demand for XRP, as investors would be less willing to hold an asset that is subject to government regulation.

*A decrease in the liquidity of XRP, as it would be more difficult for investors to buy and sell XRP.

*A decrease in the price of XRP, as investors would demand a lower price for an asset that is subject to government regulation.

What will happen to XRP if Ripple wins the lawsuit?

If Ripple wins the lawsuit, it is likely that the SEC will be forced to stop its efforts to classify XRP as a security. This would be a major victory for Ripple and the cryptocurrency industry as a whole. It would also mean that XRP would be free from government regulation, which could lead to an increase in demand for XRP and an increase in its price.

What does the future hold for XRP?

The outcome of the Ripple lawsuit is still uncertain, but it is clear that the case will have a major impact on the future of XRP. If Ripple wins the lawsuit, it is likely that XRP will see a significant increase in demand and price. However, if Ripple loses the lawsuit, it is likely that XRP will see a decrease in demand and price. The outcome of the lawsuit will also have a major impact on the cryptocurrency industry as a whole. A victory for Ripple would be a major victory for the industry, while a loss for Ripple could have a devastating impact.