The SEC v Ripple case: Here's why you should keep an eye on the XRP litigation today.

In light of Russia's sanctions and withdrawal from the SWIFT network, a number of crypto observers have been discussing XRP's role inside banking and the SEC vs Ripple legal tangle.

SEConds of a verdict?

Ripple CEO Brad Garlinghouse discussed the SEC vs. Ripple Labs lawsuit in an interview with Fox Business News. Despite the ongoing fight, the XRP community was keen to know if things were heading in the right direction for the contentious cryptocurrency asset.

Garlinghouse, for his part, said he had the impression that things were beginning to make sense. And so the matter continues to go forward, we expect some conclusions from the court, you know, sooner rather than later as it pertains to a handful of decisions before the court, but look, it's moving slowly...

Exec also took issue with Gary Gensler's comparison of crypto to "Wild West"

Of course, the Russia-Ukraine conflict and the issue of sanctions had to be addressed before the interview came to a close. Cryptocurrency detractors, according to Garlinghouse, were anticipating a blanket ban on the technology in sanctioned nations because they didn't understand how the technology operated.

Ripple is a "responsible actor" dealing with the United States government, he said.

A new lease on life

Garlinghouse isn't the only one who thinks Ripple vs SEC is going to be a success. John Deaton, a crypto lawyer representing tens of thousands of XRP investors in the litigation, also shared the Ripple CEO's belief that a result will be forthcoming.

Furthermore, he voiced his belief that the Hinman emails' disclosed evidence will assist XRP investors reach a settlement or perhaps win a positive judgement.

@Belisarius2020

There are 63 emails with a Draft of the Hinman speech. At the same time these emails are going back and forth a memo was being written analyzing w/r #XRP was a security. That memo was finished on June 13, 2018 - the day before Hinman’s speech. https://t.co/tbddvnUtTK

— John E Deaton (@JohnEDeaton1) March 5, 2022

Deaton stated, "Earlier I indicated perhaps today or Monday" in reference to a potential ruling. By the end of the week if it isn't submitted by Monday, I will be surprised.

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