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Being stuck in a lawsuit regardless of any matter turns out to be a tedious and burdened process that makes many businesses face losses.
Long awaited decision for the SEC vs Ripple lawsuit might take some more time to get resolved, pushing the hopes of numerous XRP investors to a far distance. These deductions meant that the SEC vs Ripple Courtroom saga would still get long after the statements of the General Counsel for Ripple, Stuart Alderoty who said that the case might be possible to go till 2023.
In a lengthy tweetstorm on Saturday, Stuart Aldreroty outlined several issues and talked about those related to the SEC vs Ripple case. Alderoty thanked those who have been keeping view on the SEC lawsuit till date while adding that the Ripple network and the court are trying their best to resolve the complexities of legal battle as soon as they can.
On the other hand, he mentioned that the SEC has been using all the tactics and tricks at their disposal for delaying the long-awaited resolving spat even further which would be the damaging situation for investors. The top lawyer hence sees the case to get concluded by the year 2023.
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The General Counsel at Ripple said that with each passing day of the ongoing lawsuit, the Security and Exchange Commission is harming the situation of XRP holders who were almost in a rug pull situation by the enforcement actions of the agency. The market for XRP has got the worst hits since the starting of the lawsuit and that has also been a dangerous blow to the investors who are claimed to be protected by the SEC.
Alderoty after all this recalls that the securities regulator has not got any authoritative order from the court to halt the trading of XRP in the United States since December 2020, when they filed their complaint back then. Despite this numerous cryptocurrency exchanges have delisted the token from their trading platforms in no time after the SEC accused Ripple of raising about $1.3 billion unlawfully through an unregistered securities offering. By this way, without even any injunction by the court the agency was successful to achieve its objective anyway.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
