XRP Price Prediction as Cardano Founder Warns Ripple Lawsuit May Be Settled by December 15 With a 'Catastrophic Impact' – Here's What That Means for XRP
The lawsuit against Ripple Labs, the company that issues XRP, filed by the US Securities and Exchange Commission (SEC), could be coming to its ultimate end after a two-year stint. Charles Hoskinson, the founder of Cardano (ADA), has weighed in on the case's likely outcome, warning that it could be catastrophic to XRP and the wider crypto market.
Unconfirmed reports, as seen by Hoskinson, point to December 15 – a date chosen for the final judgment reading. Contrary to popular belief that the blockchain company will emerge as the winner, the founder of the world's ninth-largest cryptocurrency reckons that the case's outcome could have a far-reaching negative impact on the crypto industry.
"I heard rumors that the Ripple case will be settled on December 15, and that could have catastrophic implications for the industry one way or the other," Hoskinson said in a video.
Despite the likely negative impact of the Ripple vs. SEC case, Hoskinson remains positive that "regardless of what happens, it's a decentralized ecosystem" controlled by individuals worldwide.
"The United States of America doesn't get to say that Cardano lives or dies; you do, the world; that's the point of a decentralized ecosystem," Hoskinson added.
On the other hand, the XRP community has recently resented Cardano's founder after he made 'unpalatable' comments regarding the lawsuit. XRP fans trolled him for claiming that they were spreading conspiracy theories about the court case and that Ripple was being investigated because of a regulatory gap. It is worth mentioning that Hoskinson hit back, saying that he had been misquoted.
The cryptocurrency community has seen increased speculation levels about the final judgment date. Moreover, Hoskinson's comments come
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