News
Brad Garlinghouse is optimistic about Ripple’s victory in the XRP lawsuit
Ripple CEO Brad Garlinghouserecently provided a detailed look at the ongoing battle between Ripple and the SEC, discussing legal disputes, market prospects, and potential disruptions.
He expressed confidence in Ripple’s position against the SEC, underlining the importance of fighting for regulatory clarity. Garlinghouse predicts that the SEC will ultimately lose the case, despite its attempts to settle and portray Ripple negatively.
“Black Swan” event coming soon?
According to Garlinghouse, the cryptocurrency market could reach a market value of $5 trillion by the end of the year. He suggests long-term investments rather than trading, which could lead to a rise in the price of XRP as the effects of the lawsuit fade.
Garlinghouse also thinks the industry will have some unexpected events, or “black swans,” but won’t say what they might be. He says the SEC could start looking more closely at Tether, which could have big effects.
Brad Garlinghouse also predicts that cryptocurrencies will turn state voters away from Democrats as a political issue in the United States. Democrats fail to understand that Senator Elizabeth Warren is “leading them off the cliff.”
Strategy and speculation
However, in terms of legal proceedings, attorney James Murphy suggests that Judge Torres may reject the SEC’s disgorgement argument. Furthermore, Ripple could use the court’s ruling in the Binance case to counter the SEC’s claims regarding their stablecoin plans.
What’s in store for ETH and XRP?
In particular, with the XRP case nearing its end, there is widespread speculation about the status of XRP and ETH, and the market is divided on what will happen to these flagship coins. However, Ripple and Garlinghouse have consistently defended XRP’s non-security status, maintaining a strong position over the years. Recently, Garlinghouse reiterated this view and made comments that would resonate with cryptocurrency enthusiasts and investors.
In addition to stating that XRP and ETH are not securities, Garlinghouse criticized SEC Chairman Gary Gensler, labeling him an “unethical human being.” This criticism likely stems from Gensler’s negative remarks about the cryptocurrency industry, which were perceived as unfair by many investors.
THE Ripple vs. SEC it is in the final stage and the stakes are very high. Do you think this will be XRP’s moment or will the SEC win this crypto battle? Tell us your opinions.
Also check: Why Buying XRP at $0.52 Could Make You Rich