XRP Lawsuit Summary Judgment Change Ripple Links With Banks

Also Read: Ripple Lawsuit Proves Free Market Doesn’t Exist: XRP Lawyer

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The Summary Judgement in the lawsuit could be delivered at any time by Judge Analisa Torres, who is overseeing the case. On the flip side, the timeline for the judgment could be dragged as far as the end of the year 2023.

XRP Acceptance After Lawsuit Judgment

John Deaton, the attorney representing XRP token holders in the lawsuit, reiterated his argument about the damage to Ripple due to the legal concerns. He also cited an example of Rendimento bank not using XRP due to regulatory reasons, despite the bank being the first to use Ripple’s blockchain payments.

“People grossly underestimate the damage the lawsuit has caused Ripple and XRP. People cite Ripple’s growth outside the U.S. but the U.S. market is very important. Ripple isn’t even offering XRP for its own Liquidity Hub platform!”

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