Ripples Deadline for Appeal Approaches in SEC Battle while SEC Celebrates Victory Whats Next for Ripple if Appeal is Not Lodged

The moment everyone has eagerly anticipated has arrived: the XRP lawsuit is nearing its significant conclusion, marking a pivotal moment for Ripple and the entire cryptocurrency landscape. In tandem with this development, a series of thrilling updates are on the horizon, including the potential introduction of new stablecoins and discussions surrounding an ETF. Additionally, Ripple’s forthcoming Swell event in just a few weeks is expected to unveil new tokenization initiatives that could significantly influence the market.

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Analyst Zach Rector has voiced criticism towards SEC Chair Gary Gensler and various decisions made by the commission, expressing doubt regarding the influence of testimonies over the next couple of days. Conversely, the SEC celebrated a victory in a separate case involving ConsenSys, where a Texas judge dismissed the lawsuit, determining that ConsenSys lacked a compelling case. This adds to the SEC’s list of wins amid ongoing legal disputes.

What Lies Ahead for Ripple?

As we look forward, crucial milestones are rapidly approaching for Ripple and XRP. Rector pointed out that the appeal window for the SEC vs. Ripple lawsuit is expected to close around October 6th or 7th. Should no appeal be filed, this highly publicized case may finally reach its conclusion.

In the meantime, Ripple is anticipated to launch its stablecoin, RLUSD, in the upcoming weeks, potentially aligning with the Ripple Swell conference on October 14-15. Furthermore, the crypto community is buzzing with speculation about the possibility of an XRP ETF announcement during this event, particularly given Grayscale’s interest in providing investors with exposure to the XRP protocol, which boasts tangible real-world applications.

Rector also discussed the potential for tokenization announcements at the Ripple Swell conference, which will feature speakers from significant institutions such as Northern Trust and Archax. These conversations could lead to new collaborations and extensive tokenization projects, with estimates suggesting that as much as $50 trillion in assets could be tokenized on the XRP Ledger in the future.

Also Read:
Ripple vs SEC Update Today: Experts Predict 75% Chance of Appeal—Impact on XRP Price.