"Don't worry everyone, maybe XRP will not be affected even if defeated."
It is well known that the legal battle between the Securities and Exchange Commission (SEC) and Ripple (XRP) is the earliest in the cryptocurrency market, but Binance and Coinbase, which are also involved in the same issue, have shown the true attitude of the regulator towards the exchange.
However, the XRP lawsuit is very important for the crypto market as the judge will be more clear in reaching final decisions on the ongoing cases regarding the digital asset.
Even so, experts warn that the SEC could argue in saying the XRP lawsuit has nothing to do with the crypto market.
XRP holders are now waiting for the Summary Judgment from Judge Analisa Torres, but unfortunately the price of the digital asset remains unresponsive as it hovers below $0.50.
Although the crypto market expects the Summary Judgment to be in XRP's favor, the company's position is very strong and they can survive if XRP loses the lawsuit.
This is because XRP has been involved in the Central Bank Digital Currency (CBDC) in the payment space, where it will be a potential crypto market participant to compete and dominate other altcoins.
According to the Twitter account of DS, the presence of XRP companies in Europe and Latin America means that they are able to grow rapidly even though it lost the lawsuit that is coming to an end.
XRP management predicts the judgment of the lawsuit will be delivered in the last quarter of 2023.
