As the SEC v. Ripple lawsuit approaches a pivotal moment, noted XRP community member Zach Rector shares three key developments he anticipates if neither party opts for an appeal. Rector describes the multi-year legal saga as reaching its climactic phase, with the possibility for appeals set to close in just under two weeks, on October 7.
He emphasizes that the lengthy legal dispute will reach a definitive conclusion if the SEC and Ripple refrain from filing any appeal notices by the deadline.
### Three Anticipated Developments
With the lawsuit drawing to a close, Rector has highlighted three significant events that could unfold leading up to the forthcoming Ripple Swell conference. For reference, the 2024 iteration of the Ripple Swell conference is slated for October 14–16 in the Faena District of Miami Beach, Florida, United States.
This event will feature an impressive roster of speakers, including Ripple CEO Brad Garlinghouse, Coinbase Chief Security Officer Philip Martin, NYDFS Superintendent Adrienne Harris, MoonPay CEO Ivan Soto-Wright, Bloomberg ETF Analyst Eric Balchunas, and Archax CEO Graham Rodford.
#### Launch of Ripple’s Stablecoin
Rector anticipates that Ripple will unveil its eagerly awaited stablecoin, RLUSD, before the Swell conference. It’s noteworthy that Ripple has made considerable strides toward launching the stablecoin on the mainnet.
Currently undergoing beta testing on both the XRP Ledger and Ethereum networks, this USD-pegged stablecoin is expected to become available to a broad audience, including retail clients, once it officially launches.
#### Possible XRP ETF Announcement
Moreover, Rector speculates that an announcement regarding a potential XRP ETF could take place during the Ripple Swell conference. Following the SEC’s approval of spot-based ETFs for Bitcoin and Ethereum, the market has begun to speculate that leading asset managers might pursue a similar product for XRP.
This speculation gained traction recently when Grayscale launched the XRP Trust, a closed-end fund anticipated to transition into a spot-based crypto ETF. However, the ongoing lawsuit between the SEC and Ripple presents regulatory hurdles for XRP.
If the lawsuit concludes without any appeals by the October 7 deadline, top asset managers could potentially file applications with the SEC to initiate an XRP-linked ETF, although this remains speculative.
#### Tokenization Partnerships
Rector also revealed that Ripple might announce other significant partnerships focused on tokenization on the XRPL during the Ripple Swell conference. He highlighted that Rodford, one of the conference’s speakers, made ambitious predictions earlier this year, estimating that the world could witness between $30 trillion and $50 trillion worth of assets tokenized on the XRPL.
The broader XRP community is closely monitoring updates regarding the SEC v. Ripple lawsuit. An appeal would extend the legal ambiguity; however, if neither party appeals before the deadline, it could signal the end of the lawsuit, potentially facilitating wider adoption.
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