|
Getting your Trinity Audio player ready...
|
The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) remains a major concern for the crypto community. Despite recent indications of the SEC’s shifting stance, uncertainty looms over the case’s resolution. Legal expert Fred Rispoli, however, believes that a settlement is both simple and imminent, dismissing concerns of further delays.
SEC’s Delay in XRP Lawsuit: Justified or Unnecessary?
In a recent post on X, Rispoli criticized the SEC’s hesitancy in settling the case, describing it as unnecessary and cowardly. He argued that despite the complexities pointed out by other analysts, the resolution is straightforward. According to Rispoli, the $125 million penalty imposed on Ripple by Judge Analisa Torres is a crucial factor influencing the SEC’s position.
I don't know why SEC v. Ripple is still going considering other major cases, especially Coinbase, have been dropped. Clearly, the absence of Paul Atkins did not worry the current 3-member SEC Commission on those large litigation issues. My best guess is that, given the $125M…
— Fred Rispoli (@freddyriz) February 25, 2025
“The case is over regardless, either now or in a few months,” Rispoli asserted, implying that the SEC’s reluctance to finalize the settlement is primarily due to internal decision-making rather than legal intricacies.
A Simple Path to Settlement?
Rispoli outlined a potential resolution where both parties mutually agree to drop their appeals. Under this scenario, Ripple would accept the $125 million penalty without contesting it further. This, he suggests, would effectively end the lawsuit and provide much-needed clarity for XRP holders and the broader crypto market.
However, other legal experts remain skeptical. MetaLawMan, a prominent legal analyst, argues that the lawsuit’s conclusion hinges on the outcomes of related cases involving Gemini, Kraken, and Binance. This perspective suggests that Ripple’s legal battle is not an isolated issue but part of a broader regulatory crackdown on the crypto industry.
What’s Next for Ripple and XRP?
Despite differing opinions on the lawsuit’s timeline, the broader crypto market remains cautiously optimistic. The SEC’s recent settlements with Coinbase and Robinhood signal a more favorable regulatory environment, and its growing openness to XRP-related ETFs further boosts confidence in Ripple’s future.
Also Read: SEC vs. Ripple Lawsuit Update: Shocking New Twist Emerge as OIG Probe Uncovers Potential Bias
For now, the community watches closely, hoping that Rispoli’s prediction of an imminent settlement proves accurate. Whether the case ends swiftly or drags on, its outcome will have lasting implications for the regulatory landscape of cryptocurrencies.
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.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
