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Coinbase Will Win Lawsuit Against SEC, Predicts Pro-XRP If you rely on the information on this page then you do so entirely on your own risk. XRP: Going from Long to Short. Lawsuit Win However, it is interesting to note that the number of active XRP wallet addresses has increased by over 200% in the past three months. If Ripple wins the case, exchange listing skepticism will be disregarded, and more XRP liquidity transfers will start in the US market. Image via LawGovPol. The author makes no representations as to the accuracy, completeness, or suitability of this information. Claim the JACKPOT with 55 FREE SPINS. So we can now speculate what should happen if Ripple were to be acquitted in the coming weeks or After detailing how Chris Larsen and Brad Garlinghouse handled the XRP they received, the SEC suit explains how Ripple, Brad, and Chris kept retail investors in the dark. This affects all of us.. Ripple CEO Reveals What Will Happen if SEC Wins Lawsuit Ripple also allegedly distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services.. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. The first few pages of the SEC suit outlines any entities relevant to the arguments in the suit (Ripple, a few subsidiaries, Brad, Chris, other co-founders, etc.). How high will the XRP price rise if Ripple emerges victorious? Cardano founder Charles Hoskinson covered the news of the Ripple suit in real time as news came out. Ripple argues that the SEC has picked two winners BTC and ETH in the digital asset industry and is unfairly targeting the payments-focused company. The transformation of value in the digital age. The tokens price then dropped to $0.32 on 9 November 2022. Thus paving a way for a To the average onlooker it may not be entirely clear why this is happening, nor why this lawsuit may have implications on the entire cryptocurrency space. Given the incredible amount of evidence to the fact, it is quite clear that Ripple, Brad, and Chris engaged in bad business practices that warrant some degree of legal repercussion. This is because the XRP ledger would continue to exist and operate even if Ripple were shut down and both Brad and Chris were put in prison. Charles Hoskinson, the founder of the Cardano blockchain and cryptocurrency, has shared his views on the case on Twitter. They would recover in value, exchanges would relist, and clarity would brought to the cryptocurrency industry (XRP, which was delisted from a number of crypto exchanges after the agency filed suit in 2020, rallied 9% on the recent news.). This means that they look at earlier rulings on similar cases (if there are any) to come to a conclusion on a current case. Ripple created something that has an ecosystem that will survive Brad, Chris, David or anyone else.