#RİPPLE# [Opinion: Ripple's legal dispute with the SEC could affect the value of XRP and the entire encryption market]


According to CryptoPotato, the legal dispute between Ripple and the United States SEC (SEC) recently escalated over a disagreement over the testimony of a key witness. The parties were unable to reach consensus on a statement by Andrea Fox (known as the "Fox Statement").
Ripple insisted that the testimony represented an unsolicited expert opinion, while the regulator described the process as "standard aggregate evidence supporting the calculation of returns." The SEC also claims that the "Fox Statement" contains information extracted from documents generated by Ripple itself, including tax filings and financial statements, which could be useful in determining the outcome of the case.
Recently, Ripple submitted a letter in further support of its initial request. It maintains that the SEC failed to demonstrate that the "Fox Statement" was aggregated evidence and not expert testimony. Although the trial has begun, it remains unclear when the Ripple-SEC case will officially end or whether the two sides will reach a consensus.
Jeremy Hogan, a U.S. lawyer, predicts that the lawsuit could end with a $100 million settlement this summer. The outcome of the case could trigger a significant price pump for Ripple's native coins and the entire encryption market (if the company wins a decisive victory). On the other hand, if the SEC wins, the industry could be negatively impacted. Ripple
XRP5.33%
FOX-0.42%
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TheNewEmperorvip
· 2024-05-03 10:32
The market has added another major variable
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