The crypto community remains anxious about a possible delay in the XRP lawsuit resolution, despite the Securities and Exchange Commission’s (SEC) favorable stance. While many believe that the complexities surrounding the case could delay the settlement, experts like Fred Rispoli deem it unnecessary. Rispoli believes that the Ripple vs SEC case dismissal is simple and possible.
With experts divided on the likelihood of the Ripple lawsuit settlement, the community remains curious. This contrast in expert opinions underscores the uncertainty surrounding the lawsuit’s outcome.
Is the SEC’s Delay in the XRP Lawsuit Settlement Unnecessary?
In a recent X post, legal expert Fred Rispoli dismissed discussions on the complexities surrounding the XRP lawsuit. While the community expects a possible delay in the case’s settlement, Rispoli stated that the resolution is simple and possible. Addressing the SEC’s excuses as cowardly, Rispoli stated,
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 judgment, that is real money that Uyeda and Pierce do not want to have responsibility for modifying. Not a great excuse (shows cowardice), but it does make some sense. The case is over regardless, either now or in a few months.
Significantly, Rispoli is confident that the XRP lawsuit settlement is just around the corner, despite concerns from others about potential delays. Some point to the absence of new SEC Chair Paul Atkins and Judge Analisa Torres’ $125 million penalty against Ripple as major obstacles. However, Rispoli dismisses these concerns as baseless.
The Ripple vs SEC Case Is Over, Says Lawyer
Rispoli proposes a straightforward resolution to the Ripple vs SEC case, outlining a hypothetical scenario where Ripple and the SEC mutually agree to drop their appeals. According to Rispoli, this would involve Ripple conceding the $125 million penalty, effectively ending the lawsuit. He added that dropping the appeal would mean Ripple relinquishes its claim that the $125M penalty is excessive, making the amount payable.
Notably, this simple solution contrasts with the complex negotiations anticipated by experts like MetaLawMan, who highlighted the complexities of the case. According to MetaLawMan, the Ripple lawsuit will find its end only after the conclusions of a series of lawsuits including Gemini, Kraken, and Binance.
Unveiling a Highly Unlikely Situation
As Rispoli presented an open discussion on the XRP lawsuit, a crypto investor wanted to know if Ripple could still challenge the ruling after the SEC withdrew its appeal. In detail, the investor asked if a situation is possible where Ripple pays the $125M penalty, the SEC withdraws its appeal, but Ripple presses on with its appeal.
However, Rispoli finds the situation as highly impossible with a 0% chance of happening. According to him, neither Ripple nor SEC will drop their appeal while allowing the other to proceed. He identifies these actions as mutually exclusive as they couldn’t occur together.
Is the Ripple Lawsuit Resolution Imminent?
The crypto market’s unpredictability extends to the industry’s events, making it challenging to foresee the outcome of the XRP lawsuit. Despite various expert opinions and analyses, the Ripple vs SEC case’s result remains uncertain.
The SEC’s recent settlements with Coinbase and Robinhood have generated optimism, but Ripple’s fate hangs in the balance. Nevertheless, the SEC’s increasingly favorable stance on XRP ETFs is a confidence booster.
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