Uncertainty about Ripple (XRP): Speculation about the future of the XRP reserves growing, while the judgment is pending in the second process

Uncertainty about Ripple (XRP): Speculation about the future of the XRP reserves growing, while the judgment is pending in the second process

Waiting for the judgment of the US stock exchange supervision SEC: What happens to the XRP reserves from Ripple?

The cryptocurrency Ripple (XRP) is in an unpleasant situation, since it has had to wait for a judgment in the process with the US stock exchange supervision Sec. In the meantime, rumors and speculation about the future of the enormous XRP reserves from Ripple are always spreading. For example, the assessment of the former SEC regional director Marc Fagel, for example, was recently known, who referred to the admission of an XRP investor on Twitter as "Reasonable". The investor expressed the desire that the XRP reserves of Ripple were frozen as part of the SEC procedure and checked permanently by the authority.

The reason for this wish is that Ripple still controls around 42 percent of all XRP. If these reserves are permanently blocked, this could increase the value of the XRP in circulation. It was discussed in May whether Ripple could quickly end the SEC process by voluntary annihilation of his XRP. The prominent crypto lawyer John Deaton commented on Twitter and emphasized that freezing the Ripple XRP reserves will not happen because the Sec has not applied for such a step.

Deaton refers to an earlier phase of the Ripple procedure in which the SEC claimed that Ripple should sell XRP to cover the high process costs. Ironically, the SEC Ripple tries to point out illegal XRP sales and to collect at least $ 1.3 billion in penalties and compensation. It is obvious that there are speculation about the outstanding judgment and possible appeal procedures that are probably not relevant.

The patience in the crypto scene is increasingly disappearing because people finally want to experience how the court ruling in relation to XRP and Ripple is. Earlier assumptions that judge Analisa Torres would make a decision by June have turned out to be wrong, and now a judgment in autumn is considered possible. John Deaton again points to another case, in which judge Torres is still working on a judgment. In short, neither ripple nor the SEC or Twitter discussion participants can influence the date of the decisive verdict.

It remains to be seen how the SEC process will end against Ripple and XRP and what effects this will have on the market. There is still uncertainty about the whereabouts of the XRP reserves of Ripple and how the SEC will deal with this aspect. However, the crypto scene hopes that the judgment will soon be made to create clarity and stability on the market.