- Cardano founder claims December 15 to be the settlement date for Ripple vs SEC case.
- Ripple and the US SEC gave their final submissions to the court on December 3.
- Lawyer Jerry Hogan predicts a 30% chase for Ripple to lose the case.
During an ongoing Ask Me Anything video streaming live on YouTube on December 12, the Cardano founder, Charles Hoskinson made a fierce claim about the 2-year-long lawsuit between cryptocurrency payment protocol, Ripple and the US Securities and Exchange Commission (SEC).
Hoskinson proceeded to discuss the settlement date for the legal dispute between the two entities. He reported that he received information that the potential settlement date for the case can occur on December 15.
However, he commented that the end decision will have “catastrophic implications” for the industry, but the market must move forward regardless of the consequences. Hoskinson stated,
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.
He further added that, just like other asset classes in the industry, the US government doesn’t get a say on whether Cardano “lives or dies,” but the people and the users do due to the decentralized ecosystem cryptocurrency exists in.
On December 2, both R ...
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