The Ripple vs. affair. Dry has become one of the most discussed subjects on social networks. After months of delays and transfer deadlines, many users wonder how this trial will affect Ripple’s activities.
Rumors have stolen on social networks according to which the continuous battle of Ripple with the American securities commission and the exchange cost the company of enormous offers – some even claim that JP Morgan changed the business to Coinbase, which perhaps costs Ripple “billions of billions” of income. But the story is not as simple. Unlike Ripple, Coinbase was not struck by an active injunction or trial, it is therefore free to continue to operate without the same legal cloud that suspends it.
Some XRP supporters have pointed out fingers on judge Analisa Torres, the appellant of the repeated extensions of the “disgusting” deadline and demanding a corruption probe. However, the former dry lawyer James Farrell rejected these claims.
He explained that if Ripple really lost business because it was legally injust, the company could have – and may have – in particular this loss in its legal deposits. In fact, Ripple’s own deposits argue that he needs “same -off” with other market players, a situation which, according to them, exists only for companies that are not overwhelmed by the court.
Farrell also reminded everyone that the call of the dry and the call of Ripple are always active but suspended. If the stay is lifted, the next Ripple movements will be to answer the call of the dry, then make its own file on appeal.
Until then, there is no clear evidence that Ripple has bled the “billions” of dollars in business, even if online parallel conversations suggest the opposite. The real test will come when the court decides to lift the stay and resume the complete arguments on both sides.
