Digital Outlook Shares His Thoughts on Whether Ripple XRP Case Is Really Over

• YouTuber David from Digital Outlook shares his thoughts on Ripple vs. SEC case.
• David talks about why June 2023 will be different for the 2.5-year-old case.
• Ripple is coming out with major movements, according to David, which could be crucial.

YouTuber David from Digital Outlook speculates on why June 2023 could be a game-changing month for the ongoing Ripple vs. SEC lawsuit in one of his recent videos. David talks about the rumors and truemors that the 2.5-year-old lawsuit could likely conclude in June.

Speaking about why he believes this month is crucial, David stated that Ripple and CEO Brad Garlinghouse are coming up with some major movements. He highlighted Garlinghouse’s talk in the United Arab Emirates, where he spoke about the use of the $1 billion cash reserve for strategic investments.

David also reminded users why this investment is part of a positive outlook, even amidst a time when the SEC has sued them for $1.4 billion.

If they are expecting a loss in this case, I don’t think they would be out there making it public and spending all that kind of dough.

David also highlighted the confidence in the settlement, pointing out the online metrics, which include the spike from 18,000 to 490,000 new addresses. He also quoted Cardano’s Charles Hoskinson’s words, saying that he is confident that the lawsuit will be resolved in June.

Digital Outlook’s David Expects a Positive Decision

David stated his belief that the community would not get just a decision but a positive one in June. Furthermore, he mentioned that numerous legal analysts who have thoroughly scrutinized this case, including experts like Bill Morgan, Jeremy Hogan, John Deaton, Fred Rispoli, and others within this domain, are now expressing their firm belief that the outcome will favor XRP by confirming its non-security status.

In addition, David emphasized John Deaton’s stance on the matter. Deaton has explicitly stated that the Hinman document emails will not serve as a catalyst for a settlement. According to him, regardless of whether the SEC reaches a settlement with Ripple firmly believes those emails will eventually be made public.

According to David, the outcome of this decision is expected to significantly influence how the industry is perceived, particularly in terms of categorizing assets as securities or non-securities. He expressed his belief that the ripple case will continue to be a topic of discussion for many years to come.