.Ripple objects to SEC's attempt to seal documents related to the summary judgment motions. FilanLaw
Ripple case expected to resolve this year
As reported by U.Today, both Ripple and the SEC had handed in their motions for summary judgment. In December, they submitted their redacted replies to support their aforementioned motions. The settlement of the case, as many expect, including the chief of Ripple and one of the defendants Brad Garlinghouse, would happen in the first quarter of 2023. However, founder of CryptoLaw John Deaton reckons that a verdict, rather than settlement, is likely for the Ripple-SEC case, because of theAccording to attorney Jeremy Hogan, who often comments on the aforementioned case and updates related to it, in case Ripple loses the case to the regulatory agency, XRP may lose 25% of its utility.
Earlier, Ripple chief Garlinghouse stated that if Ripple loses to the SEC, it would have to leave the U.S. and move its headquarters to a crypto-friendly jurisdiction. Back then, Ripple looked at Japan, the UAE and some other countries to settle and work in.
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