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Jeremy Hogan on Ripple v. SEC: Hinman Emails! Reply Briefs! Speculation! We Are Almost THERE!KAPITALL INVESTING
Sales to section D or corporate buyers are not eligible to be listed on a public exchange for at least six months, if not a year. For years to come, this period in a settlement would effectively limit the flow of XRP into the market. Because dispersing the funds would be difficult, a settlement would almost certainly exclude disgorgement of profits to purchasers.
Ripple will become the first cryptocurrency company to be fully approved by regulators if they reach an agreement with the SEC, according to him. XRP is the ranked 7th cryptocurrency. Currently, its circulating supply is standing at However, if in the future XRP Ledger were to become so decentralized that it could be equated with Ethereum in this respect, perhaps some smart contracts may migrate now that it has an EVM-compatible sidechain. The EVM-compatible sidechain The new sidechain was developed by Peersyst, which launched the first phase a few days ago.
While the primary goal would seem to be precisely to migrate Solidity -based smart contracts to XRP Ledger, there are also two much more realistic secondary goals. The first is to effectively allow Solidity to also be used to create smart contracts for XRP. Solidity is by far the most widely used programming language for smart contracts, so this could be a great benefit to the XRP ecosystem.
On the one hand, it trivially allows those already developing in Solidity to be able to develop for XRP as well, and on the other hand, it allows those who want to develop for XRP to use a language that can be used on other blockchains as well. The second benefit, probably even greater, is that now those already developing smart contracts for Ethereum can also publish them on XRP Ledger. This, for example, makes it possible to create cross-chain bridges much more easily and immediately.
The current news regarding Ripple and XRP does not seem sufficient to trigger a major increase in buying pressure in the markets, but this could change in the coming weeks and months. According to some analysts, for this very reason, XRP could have interesting potential, although nothing is certain. Indeed, should the expected turnaround in the SEC lawsuit prove negative soon, the consequences could be decidedly negative.
Nonetheless, some optimism has been circulating for some time in this regard, although it is not known how much can be justified.
