BIG XRP NEWS for Ripple [XRP] Holders. CEO Brad Garlinghouse: - Ripple XRP 8$ 2023!

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Investors in XRP are interested in knowing what the future holds for the cryptocurrency now ranked sixth by market capitalization, with the ongoing legal dispute between Ripple and the Securities and Exchange Commission (SEC), one of the most important aspects that might have a significant effect on its success.

The SEC initiated legal action against Ripple Labs based on allegations that the company had offered unregistered securities in the form of XRP tokens.

The lawsuit has continued for three years, with both parties submitting final filings and waiting for a decision.

In this line, Finbold asked industry professionals about whether Ripple could win the lawsuit against the SEC, and what it would mean for the price of XRP if it was successful.“Ripple will likely prevail against the SEC claim Ripple must register its tokens like a security. Ripple has long held that investors have no “investment contract” that offers anybody any rights.”Reischer notes a favorable conclusion would be “beneficial to the entire crypto industry” because it is necessary to offer clarity and confidence for the entire industry. It is essential for the whole of the industry to have a thorough understanding of any duties, and regulatory expectations set out by the SEC, the U.S. Commodity Futures Trading Commission (CFTC), and any other financial compliance agencies.