What Can We Anticipate Next in the Ripple vs. SEC Lawsuit?

Ripple has recently filed a court document challenging the SEC’s motion to compel. As the legal battle between Ripple and the SEC unfolds, various crypto analysts have shared their insights and predictions on the matter.

Prominent crypto personality and pro-XRP community member Ashley Prosper took to social media platform X to share his predictions regarding the SEC’s motion. He expressed confidence that Judge Netburn would likely reject the SEC’s motion, suggesting that the best possible outcome for the SEC would be a hearing before a potential denial. Prosper has gained popularity for his accurate predictions in the SEC v. Ripple case and, along with other XRP enthusiasts, believes that private entities, including JP Morgan, influenced the SEC’s decision to sue Ripple.

Legal professional and crypto enthusiast Bill Morgan added to the discussion by responding to James K. Filan’s tweet about Ripple’s stance on the SEC’s motion. Morgan stated that Ripple rightfully claimed that the SEC has not provided sufficient justification for investigating and making discovery related to post-complaint sales. He pointed out that these sales were already part of the discovery process in 2021, and the SEC was aware of them at the time. Morgan predicted that the SEC’s request for discovery raises doubts about whether post-compliant sales align with the Howey test. He emphasized that most buyers are On-Demand Liquidity (ODL) customers, raising the question of how these customers anticipate profits from utilizing XRP.

In conclusion, the insights provided by figures like Ashley Prosper and Bill Morgan offer a unique perspective on the potential outcomes and complexities of the ongoing legal battle between Ripple and the SEC. The community eagerly awaits further developments that could shape the future of Ripple and the broader cryptocurrency landscape.