The outcome of the ongoing Ripple lawsuit is eagerly awaited, and if Ripple wins, many optimistic predictions have been made about how the cryptocurrency market will react.
Dan Gambardello, the creator of Crypto Capital Venture, thinks that the outcome of the Ripple litigation will have a big impact on the entire cryptocurrency industry. He explains that this could be a tipping point that signals the start of the bottom of the bear market. The deadline for submitting the replies to the motions for summary judgment is November 30. By then, all briefings will be over, and everyone will be eagerly awaiting Judge Torres’ decision.
Brad Garlinghouse, the CEO of Ripple, is hopeful that the case won’t go to trial because he thinks the judge has enough data to make a decision without a jury. Garlinghouse claims that the historic litigation will be decided by a judge rather than a jury. If this is the case, a quicker resolution to the problem may result. An outcome is expected in the first half of 2023, according to Garlinghouse.
Defense attorney James K. Filan expects District Judge Torres to rule on the expert motions and the requests for summary judgement simultaneously, on or around March 31, 2023.
Ex-congressman and founder of Gokhshtein Media David Gokhshtein thinks Ripple will win the SEC case for two reasons: first, it will bring clarity, and second, the XRP community will be rewarded for its stubborn resistance.