Cryptocurrency Experts Predict SEC Will Withdraw Charges Against Ripple Execs
According to cryptocurrency experts, there is speculation that the United States Securities and Exchange Commission (SEC) might drop its charges against Ripple executives, including CEO Brad Garlinghouse and Chairman Chris Larsen. The SEC vs. Ripple lawsuit has caused a stir in the crypto world, with the main issue being that the SEC claims Larsen and Garlinghouse allowed Ripple to sell XRP without following regulations. The trial for this case is set to begin on April 23, 2024, after the SEC’s appeal request was denied.
Yasin Mobarak’s Insight
Yasin Mobarak, Founder of Dizer Capital, recently tweeted that the SEC may decide not to proceed with its charges against Larsen and Garlinghouse. He believes that the SEC has bigger plans for this lawsuit and dropping charges against these two Ripple leaders would allow them to file a larger appeal with the Second Circuit.
Potential Revelation of SEC Secrets
Mobarak also mentioned the possibility that the trial might not even take place. This idea arose when Steven Nerayoff highlighted the SEC’s past involvement with Ethereum during early ETH sales. Mobarak suggested that if the trial proceeds, Ripple may bring in Nerayoff to share additional details about the allegations.
Swift Response From XRP Community
The XRP community reacted quickly to Mobarak’s prediction. Many community members have doubts about the SEC dropping charges against Garlinghouse and Larsen. Sherrie, a prominent voice in the XRP community, believes that if the charges are dropped, Ripple would likely have to make concessions in return.
Hot Take: The Future of the Legal Showdown
The predictions made by Yasin Mobarak have added another layer of complexity to the ongoing legal battle between the SEC and Ripple. As the trial approaches, the outcome remains uncertain, and both sides continue to prepare for what could be a significant turning point in the world of cryptocurrency.