Attention! Shocking Allegation in Ripple (XRP)-SEC Case: Withdrawal!

As the SEC-Ripple (XRP) case continues with new developments, statements from experts give concrete clues about the outcome of the case.

YouTuber Ben Armstrong: SEC Gave Up!

Ripple (XRP) has been challenging the market in recent days, and investors believe that the good old days are on the horizon. XRP has seen huge gains in the last few days, rising more than 50% in a week. YouTuber Ben Armstrong, known in the market as Bitboy Crypto, made some important comments about the XRP rally. Armstrong said on Twitter yesterday that XRP is gaining momentum for multiple reasons. According to Armstrong, the Securities and Exchange Commission (SEC) abandoned its goal of proving that XRP is a security. This is the key factor behind XRP's surge of over 50% last week. Armstrong claimed that if Ripple loses the case, the worst case scenario for Ripple would be a fine rather than a ban from operating in the US.

According to the famous YouTuber, XRP has skyrocketed for multiple reasons. While many analysts also focused on accumulation, whale purchases, and new partnerships from Ripple, Armstrong stated that the fate of the XRP price depends entirely on the SEC case. According to the famous name, the SEC has abandoned its claim that XRP is a security. The famous YouTuber's tweet caught the attention of various members of the Ripple community, including Ripple attorney John Deaton. Commenting on the post, Deaton said that the SEC failed to provide the necessary documents and concrete evidence in the process of proving that XRP is a security and stopped relying on its experts.

Ripple Lawyer: SEC's Chance is Shocking!

XRP's recovery after Ripple and the Securities and Exchange Commission filed their motion for summary judgment is remarkable. According to experts, the case may end earlier than expected. Moreover, several cryptocurrency lawyers following the case have studied the latest filings to predict which of the parties could win the case. In a lengthy Twitter thread, attorney Deaton summarized the SEC's latest arguments and stressed that the commission cannot prove that XRP is a security.

Some legal experts have suggested that the case could be concluded in March 2023 or earlier, while some lawyers have claimed that the case will end earlier than expected through settlement. However, John Deaton, the lawyer representing more than 72,000 XRP investors in the class action lawsuit against the SEC, does not see a settlement between the parties coming in the next two months. Attorney Deaton's comment follows a request from XRP holders to find out if a possible deal is on the horizon.