The SEC vs Ripple lawsuit has come a long way and has fueled curiosity among crypto enthusiasts ever since. As the case progresses, people have guessed all sorts of ramifications, be it a settlement between two parties or a win for one. One thing is for sure that the outcome of this case will set the future path for the evolving crypto industry.
Is SEC unfair to XRP?
Meanwhile, attorney John Deaton, who is raising the voice of more than 65,000 XRP holders in court and the internet, has dropped some hints. In the recent interview, SEC chief Gensler declined to comment on “what else did Ethereum and Ripple do with their tokens in the public offering?”
Over Mr. Gensler’s answer, Deaton said, “Think about it for a minute. What is the absolute best game for the #Ether Foundation, Vitalik, Lubin, etc? Make an agreement! It would give #Ether certainty to continue. Genlser gets all this pressure related to the free pass. I wouldn’t be surprised to hear about a settlement.
Attorney Deaton has certainly raised some key issues regarding the SEC’s preference for ETH. However, he sheds some light on the rapid settlement that may take place between them. While also indicating that “settlement” will prevent a lengthy investigation and bring a public victory for SEC.
However, if this rapid settlement between SEC and ETH happens, it will certainly raise a lot of questions. This will also show the SEC’s “unfair treatment” with Ripple, while ETH gets a “quick settlement.”
Recently, Crypto lending platform BlockFi agreed to pay $100 million in a settlement with SEC. The settlement has been reported as the largest recorded fine incurred by a crypto firm. BlockFi agreed to pay $50 million directly to the SEC and another $50 million in fines to 32 US states.
What if XRP wins the case?
On the other hand, the SEC’s deadline to unseal emails from 2012 is nearing its end. This evidence will bring to light important facts from this dispute while providing a clear picture of the case.
There has been a lot of speculation about the matter as many statements have come out in support of Ripple thus far. If XRP wins this case, there is uncalculated potential for the coin. The token will be the only crypto asset with regulatory approval that will surely invite a large number of investors. Most crypto exchanges will re-list XRP globally. Ripple could go public after the lawsuit via an IPO.
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About the author
Ashish believes in decentralization and has a keen interest in evolving Blockchain technology, the cryptocurrency ecosystem and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he’s not writing, he plays video games, watches a thriller, or works out outside. Reach me at [email protected]
This post Will SEC settle with ETH? XRP Attorney Drops Hints
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