In a recent clip, pro-XRP analyst Zach Rector expressed his belief that the ongoing SEC versus Ripple lawsuit is headed toward a settlement before reaching trial.
Rector cited the improbable scenario of Ripple’s executives, Brad Garlinghouse and Chris Larsen, being allowed to call witnesses to the stand, including an Ethereum insider whistleblower.
According to Rector, this insider, identified as Stephen Nerioff, has been revealing concerning information about Ethereum’s initial coin offering (ICO) and described these actions as “treasonous.”
I believe Settlement is GUARANTEED after this! ⚖️👀 pic.twitter.com/lIEsF7D7AM
— Zach Rector (@ZachRector7) September 17, 2023
Rector highlighted that Nerioff’s revelations on X over the weekend sparked a wave of discussions within the crypto community. Rector stated that the XRP community had previously been labeled as conspiracy theorists for assembling their defense against the SEC’s allegations of misconduct by Ripple. However, the recent developments seem to have vindicated their efforts.
Moreover, he noted that the desire for a level playing field within the crypto space has driven their determination to uncover the truth. He pointed out that Judge Torres had ruled that XRP is not a security, further bolstering their position.
The potential damages resulting from these alleged actions were estimated by Rector to be staggering, surpassing a trillion dollars. Additionally, Rector argued that these damages to the XRP community seemed to be in favor of the ETH ICO beneficiaries.
Meanwhile, the XRP analyst stated that while many were fixated on XRP’s price, the real focus should remain on uncovering the truth and achieving justice. He commended those actively involved in the fight and called for continued support for pro-XRP lawyer John Deaton.
According to Rector, the XRP community is nearing the finish line in its quest for transparency and fairness.