The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission, which kicked off in 2020, is currently underway in court. The outcome is unpredictable and the legal tussle has seen Ripple gain a few legal points before the commencement of the trial.
The core of the dispute is to ascertain if XRP can be deemed a security, which would mean Ripple engaged in an unregistered securities offering with its token distributions.
Such a pivotal ruling will inevitably influence how regulatory bodies view XRP, possibly affecting the confidence of current and potential investors.
In light of this, we posed a question to ChatGUT: what would the market value of XRP be if the lawsuit had not transpired?
Predictions of XRP Value Without the Legal Battle
ChatGPT suggests that forecasting this scenario requires a nuanced view acknowledging multiple facets that could have swayed the price. One such element is overall market perception—absent the lawsuit, it’s likely that investor confidence wouldn’t have suffered from the same doubts.
Moreover, without the burden of legal complications, Ripple might have secured more collaborations, driving up XRP’s usage.
It’s important to note that numerous trading platforms chose to remove or limit trading of XRP around the time the lawsuit commenced. Even though some exchanges eventually reinstated it, trading volumes and accessibility suffered during this period.
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