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The company has obtained access to Securities and Exchange Commission documents as part of its defense against the agencys suit accusing it of misleading investors about XRP cryptocurrency. If this were true, the case would threaten the company and the cryptocurrency industry at large. As you can tell, Im extremely bullish on XRP. All in all, it would be fair to argue that the SEC has already received more than what it had asked, but is still extending its arms further. According to Hogan, the case is likely to end in August-September 2022, and he believes the case will be tried in the courts. Price go up Will we see a Bull run on steroids? If Ripple wins, the positive outcome will cause a surge in the price of XRP and other tokens. Even though the price corrected to $0.42, investors and experts are looking forward to XRP reclaiming its all-time high at $3.40 and blasting to $50 in the long term if there is a positive outcome from the lawsuit. However, despite all the pressure, Ripple commits not to settle and instead fights back against the SEC. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people around the world achieve their financial goals through our investing services and financial advice. JP Morgan's North America Equity Research report published earlier this month puts XRP in the spotlight, even stating the digital asset is poised for significant adoption. Crypto is Now a Security: What Does This Mean? - Medium XRP crashed from $0.58 to $0.17. All investments are your own decisions. Garlinghouse has joined other Ripple officials to troll the SEC with the case dragging on publicly. Return on assets (ROA): the ROA tells you the overall profit a bank makes in relation to its assets. Ripple CEO Brad Garlinghouse discussed the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over XRP earlier this month in an interview with Axios at the Collision 2022 event. According to the price prediction, XRP might not climb above the $1 mark and will trade at $0.98 by 2025. "So what happens to XRP holders if XRP is declared a security and has to be registered with SEC?", a Twitter user recently asked John Deaton, the attorney representing over 67,000 XRP holders with amicus curiae status in the case. It has been confirmed that a press release issued today is a hoax and is being distributed as legitimate news. Bitcoin Price Prediction: BTC's Roller Coaster Ride - Recovering After an 8% Drop, Will It Reach 30K Today?
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what happens if xrp wins lawsuit