Ripple

Will XRP Be A 100X Gem With The Start Of The First Quarter Of 2022?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Dec 16, 2021

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Highlights

    Attorney John E Deaton talks about the Ripple versus SEC lawsuit with Patrick Bet David.

    Crypto savvy brings to notice the talk over settlement of the lawsuit against Ripple.

The crypto space is now in a quest for strategies ahead of the fast-approaching new year. Whilst traders have been hoarding up digital assets across genres. XRP hodlers from the fraternity are optimistic of XRP evolving as a 100X Gem in the first quarter of 2022. With the hope of its legal tussle subsiding.

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Meanwhile, Attorney John E Deaton discusses Ripple and its lawsuit with Patrick Bet David. The podcast of which was aired by PBD Podcast, which hosts over 114,000 like-minded individuals. On the other hand, a crypto savvy brings to notice the talk over the settlement of the lawsuit against Ripple.

Ripple Empowerment?

Attorney John E Deaton edifies in the podcast that the SEC has been refraining from handing over the “63” emails. That went out with draft speech, they gave Ether a free pass. He further mentions that Jay Clayton was the only commissioner to get a draft version of it. 

The advocate cites that multiple meetings were held between Jay Clayton and Andreesen Horowitz. A secret meeting on the 28th of March 2018 gets leaked. Where they had proposed a safe harbor for crypto, the only crypto mentioned in the safe harbor is Ether. Clayton and the SEC have been refusing to answer their baseless judgments. The video clip illustrates the concerns of the fraternity. 

On the 14th of June 2018, Bill Hinman gave his infamous speech. Where he mentions that setting aside the fundraising by Ether, is sufficiently decentralized. Whilst citing that the current sales of Ethereum are no longer considered security. 

However, the questions regarding XRP went unanswered, which at that time was the second-largest cryptocurrency. Later Ripple was successful in getting Bill Hinman deposed. The redactions are in pages when questioned about his connection with the Ethereum foundation. 

The Settlement Talks!

A crypto savvy brings to notice the talk over the settlement of the lawsuit against Ripple. The attorneys for Ripple and the SEC are court-ordered to meet face to face or via video conferencing. At Least for an hour to discuss the settlement, which must occur within 14-weeks after the fact discovery. 

Collectively, the 60,000 XRP holders uniting against the SEC has been a major setback for the SEC. Moreover, SEC’s shortcomings have been proved time and again by the community. The recent lawsuit filed by Empower Oversight against the SEC to force transparency further reinforces Ripple’s strength against the irrational allegations by the SEC. Hence we can expect a massive bullish leg-up for XRP with the case subsiding.


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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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