- Experts are weighing the possibility of closing the payment giant’s lawsuit with the SEC.
- Ripple has filed a supplemental briefing identifying the SEC’s appeal to the deliberative process privilege as a mistake.
- The SEC has failed to link these documents to a specific decision-making process.
- Analysts predict that the payment giant’s victory in the SEC vs. Ripple case could push XRP price to a new all-time high.
Ripple has filed a new briefing on the Deliberative Process Privilege (DPP), the protection of information that supports the SEC’s stance against third parties. Proponents believe the payments giant is closer to winning the SEC vs. Ripple case.
Analysts expect Ripple to win the SEC lawsuit
Ripple, the global payments giant, has submitted a supplementary briefing on the privilege of the deliberative process. DPP protects information such as recommendations and analyzes from decisions by third parties.
The Securities & Exchange Commission (SEC) must associate the records in question with certain decisions or decision-making processes in order to protect the privacy of the information. In the supplementary briefing, Ripple confirmed the mistake of the SEC’s position and questioned the agency’s stance.
The SEC has to establish a link between the documents and information that it would like to privilege to go through with the DPP.
Ripple’s reaction has led to optimistic outlook among supporters and analysts. Analysts have predicted that Ripple will be closer to winning the SEC’s lawsuit. Ripple’s profit is expected to have a bullish impact on XRP price.
Gregg Kidd, CEO of Global iD, says:
I’m looking for a solution to the Ripple case, and the SEC is more on trial than Ripple.
Kidd is optimistic about Ripple’s victory and believes the SEC has yet to clarify what counts as a security.
@Bitboy_Crypto, a YouTuber and cryptocurrency analyst, believes XRP is undervalued at this point. The analyst is bullish on the XRP price rally and has set a target of $ 2 for the altcoin.
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