Although there has not been any official update on the recent SEC court case vs. Ripple, there is a lot of anticipation about the eventual outcome of what has been a long-running drama between the US regulator and the prominent cryptocurrency company. Throughout this challenging period, the XRP community has remained steadfast in its support of Ripple.
Yesterday, Brad Garlinghouse, CEO of Ripple, expressed his gratitude to the XRP community for their endless support.
Garlinghouse thanks the XRP community at an event in Las Vegas
On Saturday, May 6, Garlinghouse sent his appreciation to the entire XRP community, thanking the group for their unwavering support during the long-running legal battle with the Securities and Exchange Commission. This was expressed in tweet It shows the CEO’s presence at the ongoing XRP Las Vegas 2023 event.
“Great to meet so many people from the XRP community at XRP Las Vegas 2023 – the camaraderie is amazing (and a great feeling in person vs. Twitter!). This community has stood by and supported Team Ripple because we put up a good fight… I can’t express my gratitude enough “. Read the tweet.
The XRP Las Vegas Event 2023 is a two-day conference created exclusively for members of the XRP community. This year’s event, organized by Digital Perspective founder Bradley Kimes, is the inaugural edition. The Las Vegas conference started yesterday and is scheduled to end today, May 7, 2023.
The XRP event has, so far, witnessed many notable personalities, including attorney John Deaton, founder of CryptoLaw.
my honor https://t.co/IxoMcaZqYN
– John E. Deaton (@JohnEDeaton1) May 6, 2023
ripple vs. SEC court ruling coming soon?
This gesture of appreciation from the CEO of Ripple is particularly interesting, considering there have been predictions that a court ruling would arrive before May 6th. John Deaton, who issued this May 6 forecast, was called out on Twitter by another user.
Pro-XRP’s lawyer responded by tweeting that he never guaranteed anything. He argued further by explaining the rationale behind his expectation, claiming that Judge Torres’ previous summary court rulings took an average of 60 days. Given this “pattern,” Deaton expects the “Ripple vs. SEC” matter to be decided by May 6.
Show me where I said I guarantee anything. You said that if you go over the average of Judge Torres’ previous summary judgment decisions after the Daubert rulings, you get 60 days, which is May 6th. https://t.co/hp4O92RirA
– John E. Deaton (@JohnEDeaton1) May 4, 2023
However, it should be noted that Deaton made it clear – during the initial prediction – that the summary ruling of the Ripple vs. SEC could be delayed until June 1 or later. In any case, the XRP community and the broader crypto community will be closely watching the court ruling in the next few days or weeks.
according to CoinGecko DataXRP is currently trading at $0.4587, recording a price decline of 4.2% in the past seven days. It remains to be seen how the court’s decision will affect the price of the Ripple cryptocurrency.
XRPUSD trading at $0.4593 | Source: XRPUSD chart from TradingView
Featured image from Market Cycle, chart from TradingView