The post XRP Lawsuit: Fred Rispoli Says ‘The Case Is Over’ and Claims Resolution Is Simple appeared first on Coinpedia Fintech News
The XRP lawsuit has created growing anxiety within the crypto community, with many fearing a delay in its resolution. Despite the SEC’s favorable stance, there is significant debate over its potential outcome.
While some experts, like Fred Rispoli, believe that the case could be easily dismissed, others believe that the complexities could lead to a longer settlement. This divide in opinions highlights the uncertainty surrounding the lawsuit’s outcome.
Fred Rispoli Dismisses XRP Lawsuit’s Complexity
In a recent X post, legal expert Fred Rispoli dismissed concerns about the XRP lawsuit’s complexity, arguing that the resolution is simple and imminent. “I don’t know why SEC v. Ripple is still going considering other major cases, especially Coinbase, have been dropped,” he shared.
He criticized the SEC’s excuses as “cowardly” and dismissed fears over the absence of new SEC Chair Paul Atkins and Judge Analisa Torres’ $125 million penalty against Ripple as baseless. Rispoli remains confident that the lawsuit’s settlement is near. “The case is over regardless, either now or in a few months,” he expressed.
Rispoli Proposes Simple Solution
Rispoli proposes a simple solution to end the Ripple vs SEC case: that is both sides drop their appeals. According to him, Ripple would agree to pay the $125 million penalty, putting an end to the lawsuit. By dropping the appeal, Ripple would give up its claim that the penalty is too high, making the payment final.
However, this contrasts with the more complex scenario suggested by experts like MetaLawMan. He believes the Ripple lawsuit won’t end until several other cases, including those involving Gemini, Kraken, and Binance, are concluded.
In a recent discussion, a crypto investor asked if Ripple could still challenge the ruling after the SEC withdraws its appeal, even if Ripple pays the $125M penalty. Rispoli rejected this scenario, saying there’s a 0% chance it could happen. He explained that if Ripple and the SEC drop their appeals, they can’t continue with separate appeals, as these actions are mutually exclusive.
Reason Remains Unclear
Rispoli shared that discussions are ongoing while the reason for the delay remains unclear. He speculates that the holdup is likely due to the $125M judgment, which is a significant factor that could be causing delays in resolving the situation.
The SEC has settled with Coinbase and Robinhood, sparking optimism but Ripple’s case is still unresolved. While the SEC’s recent settlements have sparked optimism, Ripple’s future remains uncertain due to its ongoing legal battle. The SEC’s positive stance on XRP ETFs is encouraging, but still Ripple’s case is still a critical factor for XRP’s future.
