Here’s Why SEC Dropped Its Appeal Against Ripple Despite Ripple’s Active Cross-Appeal
The post Here’s Why SEC Dropped Its Appeal Against Ripple Despite Ripple’s Active Cross-Appeal appeared on BitcoinEthereumNews.com.
Attorney Fred Rispoli shares his thoughts on what could be happening behind the scenes in the Ripple lawsuit, especially now that the SEC has dropped its appeal. It is no longer news that the Ripple lawsuit saw a major development this week, resulting in the SEC dropping its cross-appeal. Although the regulator has not issued an official statement confirming the decision, pro-crypto journalist Eleanor Terrett expects this to happen after the SEC closed-door meeting next week. Why SEC Dropped Its Appeal Despite Ripple’s Active Cross-Appeal Despite the SEC agreeing to drop its appeal, Ripple has not made a similar decision, prompting Attorney Rispoli, the founder of Hodl Law, to suggest what could be happening behind the scenes. 🚨 WHY THE SEC DROPPED THE APPEAL AGAINST RIPPLE XRP! Attorney Fred Rispoli shares his thoughts on why the SEC dropped it’s appeal in the Ripple XRP lawsuit and what it means for the fine, institutional sales, and potential Ripple IPO. Watch the full episode… https://t.co/E409bGMR2l pic.twitter.com/thtvo3PEET — Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) March 21, 2025 First, the pro-XRP legal expert emphasized that the SEC’s decision to drop its appeal aligns with its recent actions in other crypto-related lawsuits. With the SEC dropping its appeal despite Ripple still keeping its cross-appeal active, Attorney Rispoli suggested that the move could be the regulator’s way of negotiating a settlement. This settlement revolves around Ripple’s XRP sales to institutional clients, which were found to be securities. Following this decision, Judge Analisa Torres ordered Ripple to pay a fine of $125 million and granted the SEC’s request for a permanent injunction on XRP institutional sales. Potential Settlement Negotiations Given the current circumstances of the lawsuit, Attorney Rispoli speculated that the settlement negotiations could see the SEC ask Ripple to drop its cross-appeal for a reduced fine. …
Filed under: News - @ March 22, 2025 7:19 pm