Lark Davis: “Ripple may win the lawsuit with the SEC, but I will not buy XRP”

Cryptocurrency blogger and trader believes that Ripple will win a lawsuit with a financial regulator.

Lark Davis tweeted that he still intends to refrain from buying XRP cryptocurrency. The blogger said that the first three crypto assets he bought after bitcoin were XRP, XEM and DGB. XRP has indeed stood the test of time, but if he continues to keep these coins in his investment portfolio, Davis will have to forget about restful sleep. Despite the trader’s opinion of XRP, Ripple has been in the top 10 cryptocurrencies by market capitalization for more than a decade.

Fun fact the first three coins I bought after #bitcoin were #xrp, $xem and $dgb. Only XRP has really stood the test of time. And had I kept my bag I would still be up a lot haha.

— Lark Davis (@TheCryptoLark) January 27, 2023

As for the possible outcome of Ripple’s legal battles with the SEC, Davis’s position was supported by lawyer John Deaton, who represents the interests of XRP owners. The lawyer argues that the SEC is not limited to allegations regarding the sale of XRP, and the case goes too far. If it is submitted to the US Supreme Court, there is no doubt that Ripple will win, the lawyer assures.

And after the Supreme Court’s decision in West Virginia EPA, I have zero doubt that the current makeup of the US Supreme Court will rule in favor of @Ripple if it goes that far. The SEC did not limit its allegations to only apply to Ripple’s sales of #XRP. It went too far.

— John E Deaton (@JohnEDeaton1) January 26, 2023

Earlier, Lark Davis questioned the potential of the SHIB meme token, saying that the rate of this coin is unlikely to ever reach even one dollar. The blogger also claimed that the Cardano blockchain is not popular among DeFi projects. The analyst has a different opinion about the ether – in 2021, Davis suggested that due to the limited supply of coins, the ETH rate could reach $10,000.