The post Pro-XRP Lawyer Says Settlement is Now ‘More Likely Option’ in Ripple Vs SEC Case appeared on BitcoinEthereumNews.com.

Prominent legal expert Fred Rispoli speculates that the SEC could likely settle with Ripple given the latest development in the ongoing legal tussle. Following the SEC’s move to drop charges against Ripple execs – Brad Garlinghouse and Chris Larsen – top legal experts have taken to the X platform to predict the potential outcome of the lawsuit. Settlement is the More Likely Option Pro-XRP lawyer Fred Rispoli speculated that the SEC settling with Ripple could be the more likely option for the regulator. Attorney Rispoli gave the prediction in a recent X post, emphasizing that counsel to the parties are discussing the amount to be paid for a settlement. …a prediction that a final settlement with @Ripple is the more likely option. While the letter states the parties are conferring on a remedies briefing schedule, my guess is settlement amounts are flying back and forth between the lawyers as I type. 4/4 — Fred Rispoli (@freddyriz) October 19, 2023 – Advertisement – Notably, the attorney took into consideration the motive behind the SEC’s decision to drop the aiding and abetting charges against Ripple execs. Rispoli highlighted two scenarios that could have prompted the decision. The pro-XRP attorney noted that the SEC could have realized that its case against Ripple execs was “horses**t,” or the commission now knows that the court no longer finds it credible. If the former was the reason behind the dismissal, Attorney Rispoli speculated that there could be a bitter and lengthy briefing during the remedies phase. He added that the SEC could also appeal the July 13 summary judgment after the remedies stage. However, Rispoli said if the SEC dismissed the case against Ripple execs because it found out that it had lost credibility with the court, then a settlement could be on the horizon. Efforts…

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Filed under: News - @ October 20, 2023 6:14 pm