Ripple Labs General Counsel, Stuart Alderothy, tweeted that the SEC case against Ripple could be closed next year and thanks everyone who has followed the case so far.
To all that have been following the case thus far – thank you. Know that Ripple is pushing hard (and the Court is working hard) to resolve the case as soon as possible, despite the SEC time and again doing everything they can to delay. https://t.co/bP0shaNBOa
— Stuart Alderoty (@s_alderoty) April 22, 2022
“Ripple is working hard to resolve the matter as soon as possible.”
Ripple and the court are hard at work, so he expects a decision to be reached in 2023. However, the SEC is struggling to delay the day the court case ends.
In response to user questions, he said that with every day of the SEC case being dealt with, US crypto investors holding XRP are hurting because when the case against Ripple was filed in December 2020, XRP’s $15 billion market cap was dealt a death blow. , and it was a blow to the investors that the SEC supposedly protects.
Also, in addition to fighting Ripple, the SEC keeps the crypto market in a “cloud of uncertainty”, preventing it from expanding in the US, while, according to a recent study, about 21% of US citizens have used cryptocurrencies at least once.
21% of US residents owned cryptocurrencies