The SEC’s Chances of Winning Against Ripple Decline
Jeremy Hogan, a well-known US lawyer and partner at Hogan & Hogan, has shared his thoughts on the ongoing lawsuit between Ripple and the SEC. He believes that the SEC’s chances of winning the case have decreased since Ripple’s CEO and Executive Chairman were cleared of all charges. Hogan suggests that there will be no trial next year and the court will issue a final judgment in 2022. According to him, Ripple is likely to emerge victorious, while the SEC only has a 14.2% chance of winning if they appeal. However, their best strategy would be to delay the legal process and reach another plea, which would extend the battle until 2026 with a mere 2.3% chance of success.
XRP’s Potential Price Surge if Ripple Wins
According to ChatGPT, an AI-powered language model, if Ripple wins its case against the SEC, XRP’s valuation could experience a significant boost. The model even predicts a potential peak at $10 for XRP, considering factors such as restored trust, potential partnerships, market sentiment, and competition. However, ChatGPT also warns that there may be future regulatory challenges for Ripple both in the US and internationally, even if they win against the SEC.
Hot Take: The Future of Ripple and XRP
If Jeremy Hogan’s analysis is accurate and Ripple does indeed secure a victory against the SEC, it could have a profound impact on both Ripple as a company and its native token XRP. With increased trust and favorable market conditions, XRP’s price could surge significantly, potentially reaching $10 or even higher. However, it is important to note that regulatory challenges may still lie ahead for Ripple even in the event of a favorable outcome in this particular lawsuit. The crypto community will be closely watching the developments in this case as it unfolds, as it could set a precedent for future regulations and legal battles in the cryptocurrency industry.
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