As the SEC v. Ripple lawsuit reaches a crucial stage, Zach Rector, a prominent figure in the XRP community, has outlined three anticipated events if neither party chooses to appeal. Rector believes that the multi-year legal battle is nearing its conclusion, with the appeal window set to close on October 7th.
If neither the SEC nor Ripple files an appeal notice before the deadline, the lawsuit will officially come to an end. Rector has highlighted three significant events that could occur between now and the upcoming Ripple Swell conference, scheduled for October 14th-16th in Miami Beach, Florida.
The conference boasts an impressive lineup of speakers, including Ripple CEO Brad Garlinghouse and Coinbase CSO Philip Martin. Rector expects Ripple to launch its highly anticipated stablecoin, RLUSD, before the conference. Ripple has made significant progress towards the stablecoin’s mainnet launch, with beta testing currently underway on the XRP Ledger and Ethereum networks. Once launched, RLUSD will be available to retail clients.
Rector also speculates that there may be an announcement regarding an XRP ETF at the Ripple Swell conference. Since the SEC approved spot-based ETFs for Bitcoin and Ethereum, there have been rumors that asset managers may launch a similar product for XRP. Grayscale’s recent launch of the XRP Trust, a closed-end fund that is expected to transition into a spot-based crypto ETF, has further fueled these speculations. However, the ongoing lawsuit between the SEC and Ripple presents regulatory challenges for XRP.
In addition, Rector suggests that Ripple may announce significant partnerships focused on tokenization on XRPL during the Ripple Swell conference. Graham Rodford, one of the conference speakers, previously projected that the world could witness the tokenization of assets worth between $30 and $50 trillion on the XRPL.
The XRP community is currently closely following updates on the SEC v. Ripple lawsuit. If neither party appeals before the October 7th deadline, it could mark the end of the lawsuit and potentially pave the way for further adoption. However, it is important to note that this information is for informational purposes only and should not be considered financial advice. Readers are advised to conduct thorough research before making any investment decisions.
