<ul><li>Legal struggle against the SEC seems to have a major bearing on the value of XRP.</li><li>Judge Torres may consider Ripple’s behavior an offering, as proposed by John Deaton.</li></ul>The SEC has been arguing in court that <a href="https://thenewscrypto.com/tag/xrp/" rel="noopener noreferrer nofollow">XRP</a> is an unregistered security as part of its continuing legal fight with Ripple. The U.S <a href="https://thenewscrypto.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC)</a> may be correct that investors are purchasing XRP in the hopes that Ripple would win the ongoing action against the SEC, according to pro-XRP lawyer Bill Morgan.The <a href="https://thenewscrypto.com/tag/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> sector has been buzzing about this case as of late, with some predicting a judgment on or before May 6 and others conceding the SEC has one plausible argument against XRP.The SEC’s expert allegedly agrees that Bitcoin and Ethereum returns are mostly responsible for XRP’s returns from the middle of 2018 to the present. The SEC, however, maintains that investors in XRP depend on Ripple for returns.Morgan’s comments seem to imply that some Ripple and XRP supporters, while still arguing against the broader legal case against the cryptocurrency, admit the legitimacy of certain of the SEC’s accusations. Moreover, Morgan continued by saying that Ripple would be responsible for the price swings of Bitcoin and Ethereum influencing the value of XRP if the SEC’s expert opinion is correct.Furthermore, Morgan claims that Ripple, as a centralized business, has monopoly power over the XRP pricing. The impact of Ripple on the market performance of XRP and its decentralization is called into doubt.<h3 id="outcome-to-highly-impact-xrp-price">Outcome to Highly Impact XRP Price</h3>According to Morgan, the assertion by the regulator shows that investors are placing their faith in Ripple’s legal efforts rather than the company’s economic activities.Hence, the result of Ripple’s legal struggle against the SEC seems to have a major bearing on the value of XRP. In this way, the lawsuit’s significance in influencing the future of cryptocurrency and its investors is highlighted.Continue reading <a href="https://thenewscrypto.com/highly-anticipated-xrp-vs-sec-verdict-likely-by-may-6-as-per-legal-experts/" rel="noopener noreferrer nofollow">&#64;TheNewsCrypto</a>

Highly Anticipated XRP vs SEC Verdict Likely by May 6 as per Legal Experts

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