The post Ripple vs SEC : Brad Garlinghouse Is Bullish on Ripple’s Win in XRP Lawsuit appeared first on Coinpedia Fintech News
Ripple CEO Brad Garlinghouse recently shared insights on various touch points related to Ripple vs SEC. Starting from the ongoing SEC lawsuit, crypto market predictions, and potential Black Swan events. He expressed confidence in Ripple’s stance against the SEC, emphasizing the importance of fighting for clarity in regulations. Garlinghouse predicts that the SEC will ultimately lose the lawsuit, despite their attempts to settle and portray Ripple negatively.
CEO Calls for a “Black Swan” Event in Midst of Lawsuit
According to Garlinghouse, the crypto market could hit a market value of $5 trillion by the end of the year. He suggests long-term investments instead of trade, which could lead to an increase in the price of XRP as the lawsuit’s effects wear off. Garlinghouse also thinks that the industry will have unexpected events, or “black swans,” but he doesn’t say what they might be. He says that the SEC might start to look more closely at Tether, which could have big effects.
Brad Garlinghouse also predicts that crypto will drive swing state voters away from Democrats as a political issue in the U.S. Democrats fail to comprehend that Senator Elizabeth Warren is “leading them off a cliff.”
Legal Insight
However, in terms of legal proceedings, lawyer James Murphy suggests that Judge Torres might dismiss the SEC’s disgorgement argument. Additionally, Ripple could leverage the court’s ruling in the Binance lawsuit to counter the SEC’s claims regarding their stablecoin plans.
Ripple’s Stance on ETH and XRP Status
Notably, with the XRP case nearing its end, there is wide speculation on XRP and ETH’s status, and the market is split on what will happen to these top coins. However, Ripple and Garlinghouse have consistently defended XRP’s non-security status, maintaining a strong stance over the years. Recently, Garlinghouse reiterated this view and made comments that would resonate with crypto enthusiasts and investors.
In addition to asserting that XRP and ETH are not securities, Garlinghouse criticized SEC Chair Gary Gensler, labeling him as an “unethical human being.” This criticism likely stems from Gensler’s negative remarks about the crypto industry, which have been perceived as unfair by many investors.
The Ripple vs. SEC is at its final stage, and a lot is at stake. Do you think this will be XRP’s moment, or will SEC win this crypto battle? Tell us your views.
