The long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is entering a critical phase. According to prominent XRP community figure, Zach Rector, the case is now in its final stages, with the appeal window closing soon on October 7. If neither Ripple nor the SEC files an appeal by that date, the lawsuit will officially end, marking a significant moment for the crypto space. Rector has outlined three key developments he expects if no appeal is made.  

Ripple Swell Conference and Potential Announcements  

With the legal case nearing a conclusion, Rector points out the importance of the upcoming Ripple Swell conference, scheduled for October 14-16 in Miami Beach, Florida. The conference will feature high-profile speakers such as Ripple CEO Brad Garlinghouse, Coinbase CSO Philip Martin, and NYDFS Superintendent Adrienne Harris, among others.

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Rector believes Ripple could make some major announcements at the event, especially concerning partnerships and innovations on the XRP Ledger (XRPL). He highlights that Graham Rodford, CEO of Archax and one of the conference speakers, had earlier predicted that between $30 and $50 trillion worth of assets could be tokenized on XRPL.

Ripple Stablecoin Launch Expected 

Rector anticipates that Ripple will officially launch its long-awaited stablecoin, RLUSD, before or during the Swell conference. The stablecoin, pegged to the U.S. dollar, is currently undergoing beta testing on the XRP Ledger and Ethereum networks. Once the stablecoin moves to the mainnet, it will be accessible to both retail and institutional clients.  

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Rector also speculates on the possibility of Ripple announcing an XRP-based exchange-traded fund (ETF) during the Swell conference. This speculation has intensified after the SEC approved Bitcoin and Ethereum spot ETFs. Grayscale’s recent launch of an XRP Trust fund has further fueled rumors that a spot-based XRP ETF could soon be on the horizon. However, the ongoing lawsuit has been a regulatory hurdle for XRP adoption.

With the appeal window closing soon, the XRP community is keenly watching for developments. If neither party appeals, it could signal the end of the lawsuit and potentially open the door for greater XRP adoption.