The legal battle between Ripple and the SEC has spanned over three years. Cryptocurrency commentator Abraham Liim has labeled the current moment as the final act of this prolonged conflict.
Recent Developments in the Lawsuit
According to Abraham Liim, the recent steps taken by both parties to pause their appeals signal the end of the litigation. Liim interprets this as confirmation of a peaceful resolution to the dispute, while the judge's motion proposed reducing Ripple's fine to $50 million, which also indicates Ripple's victory in the case.
Expectations for Court Ruling
Liim highlighted the anticipated final ruling by Judge Analisa Torres as a crucial moment. He expects the decision to confirm the classification of XRP, opening opportunities for institutional investors. After the court provides clarity, institutional players may begin to reassess their strategies regarding XRP.
XRP's Market Positioning
Liim noted that XRP is distinguishing itself from other digital assets largely driven by speculative trading. XRP is becoming 'the most compliant, scalable, and liquid digital asset.' He emphasized the importance of the combination of the lawsuit resolution, ETF prospects, and increasing real-world utility as the foundation for a new growth stage.
Liim described the current moment as a turning point for XRP. The resolution of the Ripple-SEC case opens new horizons for the asset, which he believes has significant growth potential against the backdrop of acquired legal clarity.
