Will Ripple win against the SEC?

Since Ripple (XRP) was classified as a security by the SEC (Securities and Exchange Commission) in late December 2020 and subsequently sued, XRP investors have had to be patient. The lawsuit is not only directed against the company itself, but also against the two founders Brad Garlinghouse and Chris Larsen. The authority is accused of having issued an unregistered security. The XRP price then collapsed while the rest of the crypto market continued to move north.

The next bad news Then came on January 19, 2021 when one of the world’s leading crypto exchanges, Coinbase, announced that it would delist XRP, i.e. suspend trading in this altcoin, due to the smoldering legal dispute. As a US-listed company, Coinbase was forced to take this step as long as there was no legal clarity. Coinbase CEO Brian Armstrong then sharply criticized the SEC, fueling rumors of a possible relisting. Investors have been waiting in vain for this to this day.

SEC vs. Ripple (XRP): A legal tug of war

Ripple itself has sufficient financial resources in the $100 million court case and has used all legal means to counter it from the start. This includes, among other things, the request to release the so-called “Hinman documents”. These could benefit Ripple, as former SEC Treasury Director William Hinman is said to have stated in them that he does not consider Ethereum a security.

And it is precisely with these documents that Ripple is now getting support from the popular crypto lawyer John Deaton. This one goes in one tweet assume that these documents will in any case be released sooner or later. In addition Deaton keeps firing against the SEC as this one legal slap in the face by a US court in relation to the Voyager bankruptcy. The judge criticized the agency for failing to establish a metric that clearly defines which cryptocurrencies are unregistered security offerings.

We therefore asked you: After the Voyager decision: Will Ripple win against the SEC? The possible answers were:

• In any case!
• Rather yes.
• No.
• I don’t care.

After the Voyager Ruling: Will Ripple Win Against the SEC?

A total of 1,486 votes were cast via our social media channels (Instagram, Twitter, YouTube, LinkedIn and Telegram) from March 22nd to 23rd. And for you, the matter is clear: Ripple is ahead! A total of 72 percent voted “Absolutely!” and “Rather yes.” Only 11 percent see the SEC as the winner of this lawsuit. And the number of those who are not interested in this judgment, which is probably groundbreaking for the crypto space, is just 16 percent.

No decision has yet been made in this case. Rumors point to the summer of this year. In any case, we will keep you up to date.