Jesse from Apex Crypto Consulting shares his views on the ongoing lawsuit between Ripple and the SEC, providing insights and analysis of the situation.
Expert's Opinion on Ripple and SEC
Jesse believes the legal battle between Ripple and the SEC resembles a carefully choreographed show, aimed at controlling XRP's price and facilitating Ripple's global partnerships. He stated: CITE_W_A "The lawsuit serves multiple purposes."
History and Goals of Ripple
According to Jesse, Ripple is not just an ordinary crypto company but is closely linked to powerful global financial groups, including central banks and the IMF. He asserts that Ripple's long-term goal is to make XRP a global reserve currency that can replace traditional payment systems like SWIFT. Jesse also pointed out that historically, leaders who attempted to change the global financial system faced significant consequences, yet Ripple continues to grow without obstacles.
Current Status of the Lawsuit
Currently, the Ripple vs. SEC case is in its final stages, with both sides awaiting a court decision on penalties and other final details. Recently, Ripple CEO Brad Garlinghouse announced that the company is dropping its cross-appeal, which could help expedite the end of this long-running case.
In conclusion, expert opinions highlight the complexity and multifaceted nature of the Ripple vs. SEC lawsuit. As the case moves toward closure, its outcome may significantly impact the future of the cryptocurrency market.
