The long running XRP lawsuit is moving toward the final phase of the Summary Judgment. US SEC and Ripple defendants reportedly have begun to file replies to opposition to Motions for summary judgment, under seal. However, Ripple benefiting from holding a massive amount of XRP will still be a major talking point in the case.

It is very certain that the Judges or the commission will bring Ripple’s massive XRP holding in the XRP lawsuit. It can be enquired that the defendants benefit from the jump in XRP price. This was the main reason that they promoted the XRP.

However, John Deaton, Amicus Curiae and XRP holders’ lawyer in the case hinted that Ripple is ready to face it in court. He said that the defendants know that the judge is likely to address this matter.

To counter this assertion Ripple will be mentioning the De Beers Diamond Company. They claim that the diamond companies own 30% of the diamond market.

(By Ashish Kumar)