Thread by @JohnEDeaton1

HOW A COUPLE RULINGS AND A BULL MARKET 📈 COULD TRANSFORM #XRP INTO THE ONLY ALTCOIN WITH CLARITY

There’s a way for the @Ripple case to end and all parties win. It requires two things: 1) favorable rulings for Ripple on fair notice & on the deliberative process privilege; and,

2) an Altcoin Bull Market 📈 causing #XRP to surpass its all time high (for example, hitting $5 dollars or higher).

Ripple owns over 50 billion #XRP. A $5 XRP equals Ripple being worth $250 billion dollars - significantly more valuable than @MorganStanley or @GoldmanSachs.

If Judge Torres denies the SEC’s motion to strike the Fair Notice Defense and Judge Netburn overrules the SEC’s claim that the #BTC #ETH & #XRP documents are privileged, @GaryGensler and the SEC could be facing a very significant precedent setting loss with huge implications.

Those implications could cause the SEC to avoid a trial or Summary Judgement. If #XRP were to hit $5, Ripple could sell 10% of the monthly unlocked escrow and pay a settlement / fine totaling as high as $500 million - providing Gensler with a big public victory & bragging rights.

It would be one of the biggest settlements in SEC history. If the settlement includes a declaration that ongoing sales of #XRP are not securities, #XRP gets re-listed and clarity is established. The SEC can use the money to create a fund that helps reimburse harmed #XRPHolders.

Gensler gets the credit helping his political chances. Ripple goes public and immediately becomes one of the most valuable FinTech companies in the world, replacing SWIFT. #XRP returns to battling #Ether for the number 2 spot. #XRPHolders get to finally see which technology wins.

Does everyone win in the above scenario? The SEC wins. Ripple wins. #XRPHolders who never sold win. But what about other crypto projects? If the above scenario happens, ironically, only #Bitcoin and #XRP would be safe. Can #ETH investors honestly say they’re not worried? #ADA?

During their investigation, @CGasparino and @EleanorTerrett spoke to former SEC officials. Listen to what Gasparino said on the @LizClaman show.👇

https://twitter.com/CryptoLawUS/status/1466159321180524550

After investigating, Gasparino concludes that it’s possible that Gensler is waiting on the “outcome” of the Ripple case and then he may go after #Ether. The outcome isn’t limited to winning on the merits. The outcome could be a huge settlement.

There’s a reason Gensler won’t comment on whether he believes #Ether is a security. It’s because he wants the option of going after them.

What’s crazy ironic, is that, with Gensler at the helm, the lawsuit could ultimately give Ripple and #XRP an advantage moving forward.