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Expert Anticipates SEC-Ripple Lawsuit Settlement Amid Insider Leaks

Pro-XRP analyst Zach Rector predicts a potential settlement in the ongoing legal battle between the SEC and Ripple

by Alexander
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Pro-XRP analyst Zach Rector predicts a potential settlement in the ongoing legal battle between the SEC and Ripple, suggesting it could happen before reaching a trial. Rector’s analysis is rooted in the unlikelihood of Ripple’s executives being allowed to call certain witnesses, including an Ethereum insider whistleblower.

Improbable Witness Scenario

Rector points out the significant hurdle of Ripple’s Brad Garlinghouse and Chris Larsen having the opportunity to call witnesses to the stand, notably an Ethereum insider named Stephen Nerioff. Nerioff has been disclosing troubling information related to Ethereum’s initial coin offering (ICO), which Rector characterizes as “treasonous.”

Community Vindication and Pursuit of Truth

Rector highlights the impact of Nerioff’s revelations on the XRP community, which had previously faced criticism for its defense against SEC allegations of Ripple’s misconduct. Recent developments seem to validate their efforts. The desire for fairness in the crypto space has been a driving force in their pursuit of the truth, further reinforced by Judge Torres ruling that XRP is not a security.

Rector estimates the potential damages resulting from these actions to be immense, potentially exceeding a trillion dollars. He suggests that these damages may have disproportionately benefited Ethereum ICO beneficiaries.

Call for Focus on Justice

While many are fixated on XRP’s price, Rector emphasizes the importance of uncovering the truth and achieving justice. He applauds those actively engaged in the fight and urges continued support for pro-XRP lawyer John Deaton.

According to Rector, the XRP community is inching closer to its goal of transparency and fairness in the ongoing legal battle, with the possibility of a settlement on the horizon.

 

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