Ripple: Whales move >100M XRP as attorney predicts another SEC trial
The unending Ripple [XRP] tussle with the SEC might end in another legal proceeding, according to Scott Chamberlain. The blockchain lawyer and founder of Evernode XRPL, stood this ground while responding to a tweet about the ruling on both parties to preclude expert testimonies.
<p lang=«en» dir=«ltr» xml:lang=«en»>After further thought, four key takeaways for me: 1. It seems more likely there will be a trial because this decision results in conflicting expert testimony that muddies a summary judgement application. So many facts at issue. There is a caveat, though…— Scott Chamberlain (@scotty2ten) March 7, 2023
Read Ripple’s [XRP] Price Prediction 2023-2024
Giving his reasons, Chamberlain pointed out some flaws in the cases presented by both Ripple and the regulator. Although he admitted that there were many facts at play, the entrepreneur said that a few pieces of evidence remained unclear. Chamberlain tweeted:
“The SEC’s expert had his testimony on why people bought XRP excluded. It’s unclear what if any evidence remains on record to support the SEC argument that anyone bought XRP expecting profits solely or substantially from Ripple’s efforts”
However, the legal practitioner’s opinion resulted in disagreement on the social media platform. Some mentioned that Chamberlain was in Ripple’s support; hence his biased view. Others did not align with the talk of a further trial.
Amid the divide, Whale Alert reported that large amounts of XRP moved wallets. According to the real-time capital movement tracker, about 112 million XRP was transferred from address to address in the last 24 hours.
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