Ripple vs SEC Outcome: Famous cryptocurrency expert Ben Armstrong made a video where he talked about Ripple’s court fight with the U.S. government’s SEC. He guessed what might happen in the end and gave hopeful guesses about XRP’s price going up in the future.
SEC Lawsuit Settlement Speculation
Talking about the SEC lawsuit, Armstrong spoke about the current court case and how Ripple wants more time after the February 5 court decision. He talked about the chance of settling the case by paying $10 million, saying, “I think they would be happy to pay the $10 million…to finish this whole situation.”
Bullish XRP Predictions
Armstrong stressed how important it is for Ripple’s XRP to be used more in America. He said, “We all care about XRP being used more…we want banks to start using Ripple’s system and to use XRP for payments.” He pointed out that it’s very important for lots of people and banks to start using it, because it’s good for both investors and banks.
He stayed hopeful about the chance of making more money, thinking it might reach $2 even though he knows the coin’s price has gone up and down a lot before.
Ben pointed out Ripple’s partnerships around the world and how there’s been less news in America because of the SEC case. Talking about Ripple’s product leader Oliver, he suggested there could be big news coming for the American market.
He also talked about a future gathering at Ripple’s main office where top people at the company, like CTO David Schwartz, will talk about their plans for 2024. He expects they will share how they plan to get more people using XRP in America, saying, “There’s going to be a big increase in using XRP here in America soon.”
In Short,
Cryptocurrency expert Ben Armstrong has explained Ripple’s legal problems, possible settlement results, and a positive view for the future of XRP.
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