While the world waits with bated breath for the verdict in the major lawsuit between Ripple, the well-known crypto company, and the US regulator SEC, there is plenty of speculation. What are the possible outcomes? And what impact will they have on the crypto world? In these exciting times, Google’s smart AI, Bard, has made an effort to predict the outcome of the case.
Potential outcome of lawsuit
As the lawsuit between Ripple and the SEC nears its climax, the focus is turning to the possible outcomes, which remain shrouded in mystery for now. Public opinion is divided: while some are convinced of a final victory for one side, others speculate that a settlement compromise could be reached.
Google’s AI, Bard, made it clear that accurately predicting Ripple’s potential gains is a major challenge, even with their successes in the hearings so far. But let’s not forget, Bard said, Ripple’s arguments are pretty strong. And should Ripple win the case, it would be a huge boost for the entire crypto community.
Google’s AI, Bard, has highlighted three key topics that could play a role in Ripple’s fight for victory. It all starts with how the judge interprets the Howey test. This test is the benchmark for determining whether an investment is regarded as a security. Next comes into play Ripple’s argument that their XRP token is not a security – how will the judge judge this? Finally, there is the judge’s attitude to the SEC’s approach in this case. How they handle evidence obtained after Hinman’s speech may be particularly decisive.
Bard highlights factors that could contribute to Ripple’s SEC lawsuit victory
Bard, Google’s AI, has highlighted some key points that could increase Ripple’s chances of winning in the lawsuit. For example, Ripple has consistently stated that their XRP token is not a security – it simply does not meet the criteria of the Howey test. That test determines whether something is a security, specifically whether money is invested in a joint venture with the hope of profit from the work of others. Ripple says that XRP does not meet these requirements.
In addition, Ripple accuses the SEC of hindering innovation in the crypto industry. They say that using old laws on new technology is holding back progress in the world of crypto.
The AI emphasized that Ripple’s chances may also depend on some major successes they’ve had in the litigation so far. An example that Bard cites is the revelation of Hinman’s speech. In it, Hinman said that certain cryptocurrencies, such as Ethereum, should not be considered securities. The judge also ruled that the SEC cannot use evidence contained in an internal memo written after Hinman’s speech.
SEC’s Strong Position and Potential Challenges for Ripple According to Google’s AI Bard
Bard also addressed the possibility that Ripple could lose the case. And that depends on a number of factors. For example, the SEC is not just an adversary – they have a lot of experience regulating securities and have considerable resources and power to do so.
The SEC has requested Ripple to share documents, indicating their determination to bring the case to a close. Bard has also noted that the SEC’s arguments are quite strong. For example, they say that XRP is actually a security because it would be an investment contract. In doing so, they allege that Ripple’s activities violate securities laws.
XRP performs strongly ahead of pivotal court date
Now that the date for summary proceedings is still unknown, an important moment is anticipated that will take place on June 13. On that day, the documents related to Hinman will be unsealed.
Leading up to this event, XRP has reacted positively, experiencing notable price increases in recent days. Over the past week, the currency witnessed a substantial inflow of capital. As a result, it now has a market capitalization of more than $2.5 billion. XRP is currently changing hands at USD 0.53.