The Ripple vs. Securities and Exchange Commission (SEC) lawsuit is entering its final stages, with Judge Analisa Torres poised to deliver a verdict on penalties and injunctions. While the XRP community eagerly awaits a decision, legal experts predict appeals from both parties.
Ripple’s multiple victories have weakened the SEC’s case, according to experts like wealth advisor Mickle. However, lawyers warn that either side could appeal previous rulings. Several motions, including expert evidence and document unsealing, are pending before Judge Torres and Judge Sarah Netburn. Some legal professionals believe Judge Torres might bypass these to issue a final judgment as early as July or August.
The potential consequences of the SEC not appealing the case are far-reaching, according to Ripple vs. SEC expert Sherrie. The agency’s credibility in other crypto cases could be undermined. Meanwhile, Ripple’s decision to appeal the ruling on ODL sales as securities offerings is also a possibility, given the revenue generated from this business line.
While penalties are expected to be determined with clear explanations, the wording of any injunction will be crucial for Ripple’s future. Former SEC lawyer Marc Fagel acknowledges the agency’s public stance on appealing the case but highlights the risks associated with escalating the matter to the Second Circuit Court.
Settlement rumors have circulated, fueled by speculation following a closed-door SEC meeting and comments from Ripple CEO Brad Garlinghouse. However, lawyers like Marc Fagel and Bill Morgan have dismissed these claims. Although Ripple executives deny discussing a settlement, the court may still encourage both parties to negotiate.
Also Read: Ripple vs. SEC Update: Settlement Rumors Debunked, Focus Shifts to Final Judgment
Amidst the legal battle, Ripple’s Chief Legal Officer Stuart Alderoty emphasized the importance of clear crypto regulations. He compared the regulatory approaches of the EU, UK, and US, criticizing the latter’s “regulation by enforcement” strategy. Alderoty expressed optimism about the progress of bipartisan legislation in the US Congress, calling for a “measured regulation” that balances investor protection with innovation.
As the case nears its conclusion, the XRP price hovers around $0.60, with trading volume declining. The crypto community remains on edge, awaiting the final judgment and its potential impact on the broader cryptocurrency market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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