- A legal quarrel between Ripple (XRP) and the U.S SEC.
- The things are falling in place in Ripple’s favor.
- Jed McCaleb has made over 2B dollars from sales of XRP.
The entire crypto and blockchain industry has created its wish list for the upcoming year 2022, full of hope and confidence. Some of the wish lists include the spot ETF of Bitcoin, and Ethereum to start with. Many countries are following the footsteps of El-Salvador, adopting Bitcoin and other major cryptocurrencies as a legal ledger.
Furthermore, the a legal quarrel between Ripple and the U.S Securities and Exchange Commission. This will be anxious for Ripple (XRP) holders, attorneys, and the crypto sphere. Even more, the proponents believe in the need for cryptoverse to unite against the unruly conduct of the SEC.
More so, a legal eagle John E Deaton takes to his social media handle to inform the happenings and situations in Ripple’s legal tussle, at the same time enclosing his views. The attorney notes that, if the Securities and Exchange Commission (SEC) truly trusts its stance in its case against Ripple (XRP).
Even more, a legal eagle states that co-founder of Ripple, Jed McCaleb has made over 2B dollars from sales of XRP since the lawsuit’s filing. This was much more than what exactly SEC is looking for from the opponent in the lawsuit, which counts to $1.3B.
Moreover, a well-known crypto analyst seen advocating Ripple in its legal brawl in one of his recent videos. The advocates notes the unruly conduct of the SEC and also mentioned that the crypto industry should be backing Ripple. If SEC wins over Ripple then there is a possibility to strike back at other projects.
However, collecting more evidence that is not favored to SEC, so the things are falling in place in Ripple’s favor. Therefore, with the lawsuit subsiding, we can expect XRP price to reach more heights and climb high to a higher market cap ranking in the upcoming days.
