Even though there hasn’t been any official update on the SEC vs. Ripple court case recently, there is a lot of anticipation about the final outcome of what has been a drawn-out drama between the US regulator and the prominent crypto company. Throughout this challenging period, the XRP community has remained steadfast in its support for Ripple.
Yesterday, Ripple CEO Brad Garlinghouse expressed his gratitude to the XRP community for their endless support.
Garlinghouse Thanks The XRP Community At Las Vegas Event
On Saturday, May 6, Garlinghouse sent his appreciation to the entire XRP community, thanking the group for their unwavering support during the long-standing legal battle with the Securities and Exchange Commission. This was expressed in a tweet showing the CEO’s presence at the ongoing XRP Las Vegas 2023 event.
“Great to meet so many folks from the XRP community at XRP Las Vegas 2023 – the camaraderie is remarkable (and an amazing feeling in person vs Twitter!). This community has stood by and supported Team Ripple as we have fought the good fight… I can’t adequately express my gratitude.” the tweet read.
The XRP Las Vegas 2023 event is a two-day convention set up exclusively for members of the XRP community. Organized by Digital Perspective founder Bradley Kimes, this year’s event is the inaugural event. The Las Vegas conference started yesterday and is slated to end today, May 7, 2023.
The XRP event has, so far, featured several prominent figures, including attorney John Deaton, the founder of CryptoLaw. He was present at the first day’s session.
— John E Deaton (@JohnEDeaton1) May 6, 2023
Ripple Vs. SEC Court Ruling To Arrive Soon?
This appreciation gesture from the Ripple CEO is particularly interesting, considering that there were predictions that the court decision would arrive before May 6. John Deaton, who made this May 6 prediction, was called out on Twitter by another user.
The Pro-XRP lawyer responded by tweeting that he never guaranteed anything. He argued further by explaining the rationale behind his prediction, claiming that Judge Torres’ previous summary court rulings took an average of 60 days. Considering this “pattern”, Deaton expected the “Ripple vs. SEC” matter to have been decided by May 6.
Show me where I said I guarantee anything. I said if you average out Judge Torres’ previous summary judgment decisions following her Daubert rulings, you get 60 days, which would be May 6. I said “I will be a bit surprised if it’s not decided by then but not shocked.”
— John E Deaton (@JohnEDeaton1) May 4, 2023
That said, it is worth noting that Deaton clarified – during the initial prediction – that the summary judgment for the Ripple vs. SEC trial could be delayed until June 1 or later. In any case, the XRP community and the broader crypto population will watch closely for the court ruling in the next few days or weeks.
According to CoinGecko data, the XRP token currently trades at $0.4587, recording a 4.2% price drop in the past seven days. It remains to be seen how the court’s decision will affect the price of the Ripple cryptocurrency.
XRPUSD trading at $0.4593 | Source: XRPUSD chart from TradingView
Featured image from The Market Periodical, chart from TradingView