The legal battle between **Ripple** and the SEC is a hot topic on social media. Many are curious about how this lawsuit will impact Ripple’s business.
Rumors suggest that Ripple lost significant deals due to the SEC lawsuit, with claims that JP Morgan shifted business to Coinbase, potentially costing Ripple “trillions” in revenue. However, the reality is more complex. Unlike Ripple, Coinbase is not facing an active lawsuit, allowing it to operate without legal challenges.
Some XRP supporters criticize Judge Analisa Torres for extending deadlines, calling for a corruption investigation. However, former SEC lawyer **James Farrell** refuted these accusations.
Farrell mentioned that if Ripple suffered business losses due to the legal restrictions, they could have mentioned it in court filings. Ripple argues in its filings that it requires a level playing field, which they claim only exists for companies not under court injunctions.
Farrell noted that both the SEC’s appeal and Ripple’s cross-appeal are on hold. If the stay is lifted, Ripple will respond to the SEC’s appeal and present its own case.
As of now, there is no concrete evidence that Ripple lost “trillions” in business, despite online discussions. The true impact will be revealed when the court decides whether to lift the stay and resume full arguments.
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