While there has been no official update on the SEC v. Ripple lawsuit recently, much has been expected about the final outcome of the dragged out drama between US regulators and prominent cryptocurrency firms. Throughout this difficult time, the XRP community has remained steadfast in her support of Ripple.
Yesterday, Ripple CEO Brad Garlinghouse thanked the XRP community for their continued support.
Garlinghouse thanks XRP community at Las Vegas event
On Saturday, May 6th, Garlinghouse thanked the entire XRP community for the group’s unwavering support during its lengthy legal battle with the Securities and Exchange Commission. Tweet Shows the CEO’s presence at the ongoing XRP Las Vegas 2023 event.
βIt was great to meet so many people in the XRP community at XRP Las Vegas 2023. Friendship is a great thing (and a great feeling compared to Twitter!) This community is a team that Team Ripple put up well. for endorsing and supporting β¦ I can’t thank you enough.” read the tweet.
The XRP Las Vegas 2023 event is a two-day convention set up exclusively for members of the XRP community. Hosted by Digital Perspective founder Bradley Kimes, this year’s event is the first of its kind. The Las Vegas conference started yesterday and is scheduled to end today, May 7, 2023.
So far, the XRP event has seen several high-profile appearances, including CryptoLaw founder and attorney John Deaton.
my honor https://t.co/IxoMcaZqYN
β John E Deaton (@JohnEDeaton1) May 6, 2023
ripple vs. SEC Court Judgment Coming Soon?
This gesture of thanks from the Ripple CEO is especially interesting given the prediction of a court ruling before May 6th.
Pro-XRP’s lawyers tweeted that they made no guarantees. He further argued by explaining the rationale behind his prediction, arguing that Judge Torres’ previous summary court judgments took an average of 60 days. , Deaton expected the “Ripple vs. SEC” issue to be decided by May 6th.
Show me where I said I guarantee something. I said the average of previous summary judgment decisions following Judge Torres’ Dobert decision is 60 days, or he’s May 6th. https://t.co/hp4O92RirA
β John E Deaton (@JohnEDeaton1) May 4, 2023
That said, it’s worth noting that Deaton made his initial predictions clear that summary judgment in the Ripple v. SEC case could be stayed until after June 1. Either way, the XRP community and the broader crypto population will be keeping a close eye on the court’s ruling in the coming days and weeks.
according to CoinGecko data, the XRP token is currently trading at $0.4587, down 4.2% over 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 The Market Periodical, chart from TradingView