SBI CEO expects Ripple verdict soon, predicts huge XRP price surge.
This is an article discussing the bullish prediction made by Yoshitaka Kitao, the chairman and CEO of SBI Holdings Inc., a Japanese financial company, about the XRP price and Ripple Labs. Kitao believes that the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) over the classification of XRP as an unregistered security could come to an end in the next few weeks. He also predicts that if the court rules in Ripple’s favor, XRP prices could rise sharply, leading to an increase in its overall acceptance in the digital finance world. Kitao states that he expects Ripple Labs to go public (IPO) as soon as the ruling is handed down by Judge Analisa Torres of the United States Southern District Court of New York, which could lead to significant financial benefits for Ripple stakeholders such as SBI Holdings. The article also mentions the unsealing of internal SEC Hinman documents in the Ripple case, which could occur and potentially mark a massive partial victory for Ripple.