The lawsuit might be approach its decisive week Ripple XRP
on YouTube, Charles Hoskinson, chief executive officer at Cardano builder Input Output, said that he had heard “rumors” that a two-year-long legal battle between Ripple and the U.S. Securities and Exchange Commission could be over on Dec. 15.
Hoskinson claims that the outcome of the closely watched legal case could have “catastrophic” implications for the industry. its redacted reply to the SEC’s opposition to the defendants’ motion for summary judgment. This was its final submission in the high-profile case. The plaintiff also asked the court to rule against Ripple in its reply.
The legal battle, which is expected to have massive implications for the cryptocurrency sector, started back in December 2020. The SEC lawsuit delivered a massive blow to the price of the XRP cryptocurrency, with many U.S. exchanges rushing to suspend trading.
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