The XRP community was hoping for a swift conclusion to the SEC v. Ripple courtroom battle, but it will now reportedly have to wait a bit longer than initially expected. As per Stuart Alderoty, Ripples General Counsel, a definitive conclusion to the lawsuit may be postponed until 2023. In a long series of tweets, Alderoty observed that the SECs enforcement operations are effectively pulling the rug out from under XRP investors with every passing day of the case. The XRP market was hammered the day the complaint was filed, dealing a devastating blow to the investors that the SEC seemingly claims to protect. Ripples General Counsel then chastised the SEC for failing to provide regulatory clarity in the United States, a key component of the companys case. Notwithstanding the veil of uncertainty which the agency has cast over the sector, the recently signed executive order claims that a minimum of 40 million Americans now possess crypto in some form. Meanwhile, many Americans are becoming increasingly worried that the continued regulatory actions of the SEC are inadvertently encouraging local talent to look beyond their borders in search of countries who will appreciate them and have a more lenient approach regarding crypto. This brain drain could seriously harm the U.S in the long run, according to various experts.
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