XRP Lawsuit News: The long running legal battle between U.S. Securities and Exchange Commission (SEC) and Ripple Labs is waiting for the U.S. District Court to announce a Summary Judgment. The pending ruling in the case is expected to make or break Ripple’s native crypto, XRP price ahead. However, an attorney involved in the XRP lawsuit has suggested that a ruling in the case is closer than it appears.
Attorney John Deaton, Amicus curiae in the XRP lawsuit stated that Judge’s ruling is coming down within the next few weeks. He added that a judgment may be announced by this week. This statement come when the Ripple and defendants filed a Letter Notice of Supplemental Authority in order to back their fair notice defense.
XRP holders’ lawyer added at this point XRP holds the most attractive risks/reward ratio. Speculating a win for the U.S. SEC, Deaton stated that what would be downside from $0.45.
Also Read: XRP Outperforms Bitcoin, Ethereum; Whales Move 383 Million XRP
The post Just-In: XRP Lawsuit Summary Judgment May Land This Week, Suggests Case Insider appeared first on CoinGape.
Source: https://coingape.com/xrp-lawsuit-ruling-may-land-this-week-suggests-case-insider/