Brad Garlinghouse stated<\/a> that he believed the case would be over in the single-digit months, and he hopes it will be before June. <\/span><\/p>\nHowever, several experts have also noted that the case should be concluded by the end of 2023. Although many believe and hope that it will be sooner.<\/p>\n
Following The Result<\/h2>\n
Whichever way the Judge rules will have a profound impact on the cryptocurrency market.<\/p>\n
XRP has the potential to become a multi-billion-dollar asset. If it comes out of the case with regulatory clarity and a framework that states it is a cryptocurrency and not an asset, the value could explode over the following days.<\/p>\n
Conversely, if the Judge rules in favor of the SEC, it could cause the price to depreciate, which will have a significant negative consequence on all cryptocurrencies. Given that the case has rumbled for over two years, it is hard to imagine it will go on for much longer.<\/p>\n
The United States has a complex and thorough legal system, and it isn’t out of the question that the case could rumble on for several more years, but few commentators think this will be the case.<\/p>\n
If the SEC come out of the case victorious, some analysts and experts have stated they may go for larger companies like Ethereum.<\/p>\n
In any event, the case will not be the end for Ripple. A worst-case scenario is that they relocate their business to a more cryptocurrency-friendly country. Brad Garlinghouse has said this will be the case if the court doesn’t rule in their favor.<\/p>\n
In the long run, it could severely damage the United States. It is commonly viewed as one of the top countries in the world regarding financial innovation.<\/p>\n
The outcome of the case could change that opinion. The case will end, but will it be good news for Ripple or bad news? We’re likely to find out at some point this year.<\/p>\n[\/et_pb_text][et_pb_divider color=”#ff8f00″ _builder_version=”4.16″ _module_preset=”default” custom_margin=”0px||0px||true|false” custom_padding=”0px||0px||true|false” locked=”off” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.16″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}”][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"