- Legal expert Fred Rispoli reassures the crypto community that the SEC’s delay in the XRP lawsuit is not a major concern, as a resolution is imminent through either a joint motion to vacate the judgment or a settlement agreement.
- Potential outcomes include the withdrawal of the SEC’s appeal, reduced penalties for Ripple, or complete closure of the case, signaling a positive outlook for XRP holders.
As the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) drags on, many in the crypto community have expressed concerns about delays in reaching a resolution. However, legal expert Fred Rispoli has reassured investors and enthusiasts that the delay isn’t a major issue. According to him, the end of the lawsuit is closer than expected, and the SEC’s timing shouldn’t be a cause for alarm.
Why the Delay Doesn’t Matter
While delays in legal proceedings can often be seen as a roadblock, Rispoli downplays this concern, calling it an “unorthodox” but manageable situation. He argues that instead of focusing on the time lag, attention should shift toward the possible outcomes of the lawsuit.
Rispoli also dismissed discussions surrounding the SEC’s delay, calling them unnecessary. He has previously criticized the regulator’s excuses for extending the case, suggesting that they do not significantly impact the final resolution.
Potential Ways to Settle the Lawsuit
Rispoli outlines several possible ways in which the case could be resolved. One of the cleanest and most efficient methods, he suggests, is for Ripple and the SEC to jointly file a motion to vacate the judgment. If both parties agree to drop their legal battles, the case could be dismissed entirely, bringing much-needed clarity to Ripple and XRP holders.
Another possible route is for the SEC to negotiate a settlement with Ripple without vacating the judgment. This would involve the regulator agreeing not to enforce penalties in exchange for Ripple dropping its appeal. Given the SEC’s past actions and the flexibility outlined in its enforcement manual, this approach remains a viable option.
Possible Outcomes for Ripple and XRP
Legal analysts and XRP supporters have speculated about several potential resolutions to the lawsuit. These include:
- Withdrawal of the SEC’s appeal – The regulator could drop its challenge altogether.
- Reduced penalties for Ripple – Instead of heavy fines, Ripple might face a lighter financial burden.
- Reversal of the court’s decision – A less likely but possible scenario where a higher court overturns previous rulings.
- Lifting of injunctions – Restrictions placed on Ripple could be removed, allowing for greater operational freedom.
- Complete closure of the case – The SEC could decide to end the case entirely, giving Ripple a clear path forward.
A Positive Outlook for XRP
Despite the ongoing uncertainty, Rispoli’s insights offer a more optimistic outlook for XRP holders. He emphasizes that the SEC’s delay is not a significant factor and that a resolution is within reach. Whether through settlement or legal maneuvering, Ripple appears to be on the brink of closing this long-standing case, which could provide a boost to the XRP market.
As the crypto world eagerly awaits the final verdict, all eyes remain on the SEC’s next move and Ripple’s response. Whatever happens next, one thing is clear: the end of the XRP lawsuit is in sight.
