The crypto world is abuzz with speculation about Ripple’s next move as the company gears up to launch its RLUSD stablecoin. While the XRP community is hopeful that this development signals the imminent end of the drawn-out legal battle with the Securities and Exchange Commission (SEC), legal experts are sounding a note of caution.
The launch of a dedicated website for RLUSD has ignited a wave of optimism among XRP holders. Many see it as a clear indication that Ripple is nearing the finish line in its legal tussle with the SEC. However, the specter of another lawsuit looms large.
Fred Rispoli, a vocal XRP supporter and lawyer, has warned that any potential issues with RLUSD could trigger a separate legal action. This suggests that even if Ripple manages to secure a favorable ruling in the current case, the company might still find itself in the SEC’s crosshairs.
Adding fuel to the fire, Ripple President Monica Long has previously hinted at an RLUSD launch later this year. The creation of a dedicated website further reinforces the notion that the company is in the final stages of preparation for the stablecoin’s debut.
While the exact launch date remains shrouded in mystery, anticipation is building among XRP enthusiasts. Many believe that RLUSD’s arrival could coincide with a resolution of the Ripple-SEC lawsuit. However, the possibility of a pro-crypto administration taking office after the November elections could also influence the outcome.
The recent unlocking of 1 billion XRP has added another layer of complexity to the situation. Some speculate that this move is a strategic attempt to raise funds for potential legal battles or to settle with the SEC. However, legal experts have downplayed the chances of a settlement, citing the wide gap between Ripple and the SEC’s proposed settlement amounts.
As the clock ticks down to a potential ruling from Judge Torres, the crypto community is on tenterhooks. While the outcome of the lawsuit remains uncertain, one thing is clear: the Ripple-SEC saga is far from over. The launch of RLUSD could be the next chapter in this high-stakes drama.