Even though there has been no official update on the SEC case against Ripple recently, there is a lot of anticipation as to the end result of what has been a never-ending drama between the US regulator and the prominent crypto company. Throughout this difficult period, the XRP community has remained firm in its support for Ripple.
Yesterday, Ripple CEO Brad Garlinghouse expressed his gratitude to the XRP community for their endless support.
Garlinghouse Thanks XRP Community at Las Vegas Event
On Saturday, May 6, Garlinghouse addressed his thanks 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 a Tweeter showing the CEO’s attendance at the ongoing XRP Las Vegas 2023 event.
“It’s great to meet so many people from the XRP community at XRP Las Vegas 2023 – the camaraderie is outstanding (and an amazing feeling in person against Twitter!). This community stood by you and supported the Team Ripple as we fight the good fight…I cannot adequately express my gratitude.the tweet read.
The XRP Las Vegas 2023 event is a two-day convention held exclusively for members of the XRP community. Hosted by Digital Perspective founder Bradley Kimes, this year’s event 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, featured several prominent figures, including attorney John Deaton, the founder of CryptoLaw.
My honor https://t.co/IxoMcaZqYN
— John E Deaton (@JohnEDeaton1) May 6, 2023
Ripple against. SEC court ruling coming soon?
This gesture of appreciation from Ripple’s CEO is particularly interesting, given that there were predictions that the court ruling would arrive before May 6th. John Deaton, who made this May 6 prediction, was called out on Twitter by another user.
Lawyer Pro-XRP responded by tweeting that he never guaranteed anything. He continued his argument by explaining the rationale behind his prediction, saying Judge Torres’ previous summary court rulings had taken an average of 60 days. Given this “pattern”, Deaton expected the “Ripple vs. SEC” case to be decided by May 6.
Show me where I said I guarantee anything. I said that if you average Justice Torres’ previous summary judgment decisions following her Daubert decisions, you get 60 days, which would be May 6th. https://t.co/hp4O92RirA
— John E Deaton (@JohnEDeaton1) May 4, 2023
That said, it’s worth noting that Deaton clarified – during the initial prediction – that summary judgment for Ripple’s lawsuit against SEC could be delayed until June 1 or later. In any case, the XRP community and the crypto population at large will be watching the court’s decision closely in the coming days or weeks.
According CoinGecko Data, the XRP token is currently trading at $0.4587, registering a price decline of 4.2% over the past seven days. It remains to be seen how the court ruling 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 by TradingView