Eleanor Terrett, a Fox Business correspondent, sees three outcomes for summary judgment in the Ripple-SEC case.

“For those not in the XRP community: If Judge Torres comes back with a decision on summary judgment in the Ripple case this week, one of three things could happen: She could side with Ripple, she could side with the SEC, or she could decide the case should go to trial,” Terrett tweeted.

According to CryptoLaw founder John Deaton, Judge Torres will favor Ripple CEO Brad Garlinghouse and Chris Larsen. He believes Judge Torres will declare that no reasonable jury could conclude that the two executives were irresponsible in failing to recognize XRP as a security when the SEC did not.

In the most recent developments in the case, Ripple defendants have presented Judge Michael Wiles’ decision in the Voyager bankruptcy case, which rejected the SEC’s concerns, in support of its fair notice defense.

Messari’s Ryan Selkis convinced XRP Ledger deserves to go global

Messari co-founder and CEO Ryan Selkis have joined Ripple as a new supporter. Turning to his preferred communication channel, Selkis stated that, despite his previous criticism of Ripple for various reasons, he wants the company to prevail in its ongoing litigation against the Securities and Exchange Commission (SEC).

Selkis believes the XRP-SEC lawsuit is “overreaching,” joining other loud critics criticizing the market regulator for going after crypto businesses. Selkis stated in a Messari thread that “XRP Ledger should be afforded the opportunity to compete fairly on digital payments infra globally” due to the availability of demand.

Despite the SEC litigation, Ripple has constantly extended its operations beyond the borders of the United States. With strategic collaborations signed across the board, XRP Ledger’s payment infrastructure is now being used for remittance purposes in more regions than ever. According to the Messari update, XRP Ledger is poised to deliver financial services to people and established financial institutions such as central banks.

One critical question is whether Messari’s new assistance from Ryan Selkis will make a difference in the trajectory of the litigation moving forward. Since the beginning of the legal battle, Ripple has supported pro-crypto lawyers like John Deaton and James K. Filan, who have helped shape the impressions of both the court and the public.

While Messari’s voice will help legitimize the Ripple business model and technology among the general public, it may have little to no weight on the lawsuit, especially when the summary judgment phase is likely.

#Ripple #XRP #Messari #azcoinnews #azcoin

This article was republished from azcoinnews.com

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In a recent tweet, Ryan Selkis, co-founder of on-chain data analytics firm Messari, made some bold predictions about the future of Bitcoin. He claimed that the cryptocurrency would reach the $100,000 mark within the next 12 months and that there would be more bank failures in the coming weeks.

Selkis’s prediction is based on the return of monetary easing by the Federal Reserve, in which interest rates are cut and quantitative easing is resumed. He believes that this will lead to sustained moderate inflation, which will cause Bitcoin to rise in value.

According to Selkis, Bitcoin is perceived as healthy money amid the continued devaluation of the dollar. He believes that companies like MicroStrategy will accumulate cryptocurrencies faster than federal regulators can move to shut down assets, such as Bitcoin regulation.

Selkis’s optimistic bet on the future of Bitcoin is that it will change from ‘outside money’ to ‘healthy money’ and reach $100,000. He emphasized that Bitcoin is perceived as a life raft and peaceful exit option in the current economic climate.

However, the key to this prediction is that institutions must be able to buy and defend Bitcoin alongside individual investors. Selkis predicts that institutions will buy Bitcoin faster than federal regulators can shut down assets.

As a recent report by AZCoin News, Balaji Srinivasan, the former CTO of Coinbase, has made a daring prediction that Bitcoin’s value will hit $1 million by June 17th. To demonstrate his confidence in his forecast, he has proposed a $1 million wager. The bet was set in motion on March 17th when a Twitter user known as James Medlock offered to bet anyone $1 million that the United States would not suffer from hyperinflation. Balaji accepted the challenge and tweeted, “I will take that bet. You buy 1 BTC. I will send $1M USD. This is ~40:1 odds as 1 BTC is worth ~$26k. The term is 90 days.”

#Bitcoin #BTC #BTC100k #Messari #azcoinnews

This article was republished from azcoinnews.com