Whats Next for Ripple if No Appeal Is Filed Ripples Appeal Deadline Approaches Amidst SECs Recent Victory
The moment everyone has been eagerly anticipating has finally arrived: the XRP lawsuit is approaching its climactic conclusion, marking a significant milestone for Ripple and the broader cryptocurrency landscape. In conjunction with this pivotal event, several thrilling developments are on the horizon, including the potential introduction of new stablecoins and ongoing discussions regarding an ETF. Additionally, Ripple’s highly-anticipated Swell event, scheduled for the coming weeks, is expected to unveil new tokenization initiatives that could significantly impact the market.
Analyst Zach Rector has voiced criticism towards SEC Chair Gary Gensler and various decisions made by the commission, expressing doubt about the lasting effects of testimonies over the next two days. Conversely, the SEC celebrated a victory in a separate case against ConsenSys, where a Texas judge dismissed the lawsuit, citing insufficient grounds for the claim. This ruling represents yet another win for the SEC amid a landscape of legal challenges.
### What Lies Ahead for Ripple?
As we look to the future, crucial milestones are rapidly approaching for Ripple and XRP. Rector noted that the appeal window for the SEC versus Ripple lawsuit is expected to close around October 6th or 7th. Should no appeal be filed, this high-profile case will finally reach its conclusion.
In the meantime, Ripple is anticipated to unveil its stablecoin, RLUSD, in the upcoming weeks, possibly coinciding with the Ripple Swell conference set for October 14-15. Furthermore, the crypto community is buzzing with speculation about the potential announcement of an XRP ETF during the event, especially given Grayscale’s interest in providing investors with access to the XRP protocol, which boasts real-world applications.
Rector also discussed the possibility of tokenization announcements at the Ripple Swell conference, which will feature prominent speakers from major institutions such as Northern Trust and Archax. These discussions could lead to new partnerships and large-scale tokenization initiatives, with estimates suggesting that as much as $50 trillion in assets may eventually be tokenized on the XRP Ledger.
### Also Read:
Ripple vs SEC Update Today: Experts Predict 75% Chance of Appeal—Impact on XRP Price.