Over the years SEC and the XRP community have been deliberating on an alleged $1.3 billion raised by XRP in an unregistered securities offering These cases have followed several lawsuits claim from the SEC regulation while the ripple community still has reiterated it not doing anything wrong which has led to several courts sitting although no evidence or proof has been found/file by the SEC to provide valid proof for their lawsuit.
These lawsuits have been a major drawback in the development/growth of XRP as major exchange like Coinbase delisted/suspend the coin from all transactions activities on its exchange, holders and traders do experience high volatility in XRP price during this lawsuit.
We are yet to see a new mark made on 31 August on this day SEC and Ripple will be submitting the initial argument and will be collecting evidence and proof, and 15 October, is set to be expert discovery where all facts will be disclosed for hearing.
The above mentioned date will mark a new beginning for XRP as will serve as a catalyst to boost the community credibility and transparency towards it investors and holder.
Users could experience high volatility in XRP prices as they await these days.
If it turns out in favor of the XRP community we can see a price surge.
Importantly investors are to keep a close watch and stay updated.
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