If you have been in the crypto space for quite some time, you would likely know about the XRP-SEC lawsuit. The case has been in court since August 2020, when the U.S Securities and Exchange Commission (SEC) sued the Ripple Labs, the company behind Ripple and its token XRP.
SEC sued Ripple Labs and two of its executives for allegedly selling unregistered securities worth $1.3 billion.
Ripple Labs, on the other hand, came out to defend themselves by saying SEC did not clearly define what security is and said the XRP sold to investors should not be classified as a security because they don’t have any control over it.
But since the case started, many investors in the crypto space have been on their toes to know what the outcome will be. The outcome will not only be something for Ripple and XRP investors but for the whole crypto community as a whole. While a win from the court will favor XRP greatly, losing out of the case can also mean the end of the crypto asset.
Since the whole thing started in 2020, Ripple has not been doing well in the crypto space because of panic among investors. So, if you are thinking of buying Ripple (XRP), you will want to read this to the end. We will highlight some things that might happen if the case eventually went in Ripple’s favor.
Ripple-SEC Court Case: Where Are We Now?
Let’s quickly summarize the whole SEC and Ripple case in a few paragraphs so you can understand where the battle presently is. SEC is primarily suing Ripple Labs, claiming that the company sold some XRP to the public without first registering it with the commission.
And claimed that the proceeds made from the sales was up to $1.3 billion, which was used to fund Ripple. They also said the company is operating as a centralized platform instead of being decentralized as Ripple Labs claims.
On the other hand, Ripple argued that SEC was wrong in their judgment classifying XRP as security that needed to be registered with the commission. It said the commission was being biased. What they were holding Ripple against is the same thing they let pass with some cryptocurrencies like Ethereum.
The case has been in court for about two years, it might not be over until 2023. However, there have been many ups and downs so far with the ruling. And in April 2022, Ripple Labs won the pre-trial hearings.
The judge ruled in favor of Ripple, and with that victory in the bag, many investors have been asking what would happen to Ripple (XRP) if the case eventually went in favor of the cryptocurrency.
What Will Happen If Ripple Wins the SEC-Ripple Case?
Of course, this will mean a big win for both Ripple and the crypto community. But much more, the glory will go to Ripple, and there will be a lot of goodies to enjoy by Ripple investors. Let’s take a look at some of the things that might happen if Ripple wins the court ruling.
#1: Demand will be high
When Ripple wins the case, there will be high demand for XRP as more people will quickly jump on the Ripple wagon to get it added to their portfolio. Remember, Ripple is a very important crypto asset with an ultimate solution many people cannot resist.
What has been keeping many people from buying is the case in court. Once it’s over, they won’t have any more excuses not to buy, and that will shoot up the demand for the coin.
#2: Expect the price of Ripple to soar
This is definitely one of the major things that will happen to Ripple after the court case. Remember that demand is one of the major driving forces for price. When Ripple demand soars due to more people coming on board, the price will also definitely increase tremendously – some experts predict it will increase by ten folds. The present price of Ripple (XRP) is $0.42, but we can expect to have it reach close to $2 after the court case is over.
#3: Ripple adoption will increase
Demand for Ripple will increase in the financial world. More banks will begin to buy into the idea, and financial institutions will get their hand on board to vote for the crypto asset. Many countries will also make laws to accept Ripple. Its adoption and acceptance will definitely increase if the court ruling favors the crypto asset.
#4: XRP will be back on exchanges
Right now, many exchange platforms have removed XRP from their listings because they are afraid to cut an edge with the law. But once the case is over and it favors XRP, the coin will definitely come back on major exchanges where traders can easily access and trade with them. That will mean buying and selling XRP will be easier than it used to be.
#5: Many people will get rich from XRP
Presently, there are many investors holding XRP with the hope that the court ruling will soon be over and that it will favor Ripple. If this happens as expected, the price will tremendously increase, and demand will also go out off the roof.
That is cool money for investors who are ready to sell their XRP at that time. Many will get stickily rich selling their long-time XRP.
