Recently an attorney representing amicus curiae in a case between the Securities and Exchange Commission (SEC) and Ripple Labs there shared his opinion.
According to John Deaton, the Ripple case can be resolved if these two things are met:
The decision in favor of Ripple against fair notice and the existence of a discussion of the ownership process
The cryptocurrency market is bullish, causing XRP to break all -time highs (ATH), for example: reaching the $ 5 level or higher.
Deaton also had no hesitation in claiming Ripple would come up with more value than Morgan Stanley or Goldman Sachs.
How?
According to him, Ripple has over 50 billion XRP. If this coin reaches a price of $ 5, it will indirectly bring the value of Ripple up to $ 250 billion.
When touching on the future of these assets, Deaton believes XRP and Bitcoin (BTC) will be safe once the case is settled.
On the other hand, Ethereum (ETH) needs to be vigilant as it will likely be the next victim of the SEC.
To substantiate his claim, Deaton quoted one of Fox Business journalists, Gasparino.
According to Gasparino, SEC chairman Gary Gensler is just waiting for the outcome of the Ripple case. After that, focus on Ethereum.
Not sure to what extent the truth, if Ripple’s fair notice win really happens, will give a sigh of relief to the crypto industry.
