Ripple vs SEC: 59.3% of Respondents Hope for Settlement Outcome

• Ripple’s ongoing lawsuit with the US Securities and Exchange Commission (SEC) has been ongoing since late 2020.
• Amicus Curiae and the lawyer representing XRP holders, John Deaton, conducted a poll on the final outcome of the Ripple vs SEC lawsuit.
• 59.3% of the respondents are hoping for the case to end in a settlement rather than a verdict.

Ripple, the San Francisco-based payments and remittance giant, has been embroiled in a legal battle with the US Securities and Exchange Commission (SEC) since late 2020. The SEC alleged that Ripple had sold unregistered securities in the form of XRP tokens, and the case has been ongoing since then.

Recently, Amicus Curiae and the lawyer representing XRP holders, John Deaton, took to Twitter to conduct a poll on the final outcome of the Ripple vs SEC lawsuit next year. In the poll, he presented respondents with two possible answers: Settlement or Go to Verdict.

At press time, nearly 14,000 different people participated in the poll, and 59.3% of them are keeping their fingers crossed that a settlement would be reached in the Ripple litigation. Respondents who chose the “settlement” option believe that Ripple and the SEC could come to an agreement, while those who chose “go to verdict” are hoping that the case will be decided in a court of law.

After the conclusion of the vote, Deaton is set to reveal his forecast for the year 2023. He noted that he will be examining some of Judge Torres‘ earlier Summary Judgment opinions before coming to any conclusions about the XRP action. As a result of this, he will be able to obtain some further insights into the judge’s decision.

The Ripple vs SEC case has been followed closely by many in the cryptocurrency space, and it is likely that the case’s outcome will have far-reaching implications for the industry. Until a settlement is reached or the case is decided in court, the future of Ripple and XRP remains uncertain.