The SEC v. Ripple lawsuit is reaching a crucial stage, and XRP community figure Zach Rector is eagerly anticipating three key events if neither party decides to appeal. As the appeal window closes on October 7, Rector believes that the long-standing legal battle will finally come to an end if no appeal notice is filed by either the SEC or Ripple.
Looking ahead, Rector has outlined three major events that could unfold before the upcoming Ripple Swell conference. Scheduled for October 14 – 16 in Miami Beach, Florida, the conference will feature a lineup of notable speakers, including Ripple CEO Brad Garlinghouse and Coinbase CSO Philip Martin.
One of the anticipated events is the launch of Ripple’s stablecoin, RLUSD. Rector expects the stablecoin to be officially introduced before the Swell conference, as it has been making significant progress towards its mainnet launch. Currently in beta testing on both the XRP Ledger and Ethereum networks, the USD-pegged stablecoin is poised to be accessible to retail clients upon its official release.
Another event that Rector is looking forward to is a potential announcement regarding an XRP ETF at the Ripple Swell conference. With the recent approval of spot-based ETFs for Bitcoin and Ethereum by the SEC, there is speculation that top asset managers may also consider launching a similar product for XRP. Despite regulatory challenges posed by the ongoing lawsuit, the launch of an XRP ETF remains a possibility if the lawsuit concludes without any appeals.
Lastly, Rector suggests that Ripple may unveil significant partnerships focused on tokenization during the conference. He highlights Rodford’s bold projections earlier this year, predicting that assets worth between $30 and $50 trillion could be tokenized on the XRPL. These potential partnerships could bring further attention to the XRPL and drive increased adoption within the broader XRP community.
As the XRP community awaits updates on the SEC v. Ripple lawsuit, the possibility of the lawsuit coming to an end without appeals could signal a turning point for XRP adoption. While uncertainties remain, the anticipation of these upcoming events at the Ripple Swell conference adds an element of excitement for XRP enthusiasts.