The post Ripple SEC Lawsuit: Lawyer Sees 70% Chances of Win for XRP appeared on BitcoinEthereumNews.com.

Fred Rispoli, a lawyer supportive of XRP and Ripple, discussed the SEC’s decision to appeal the Ripple case ruling by Judge Torres. When asked whether he anticipated this appeal, Rispoli noted that while he hoped it wouldn’t happen, he believed it was likely due to the SEC’s lack of accountability. The XRP lawyer also noted that there are 70% chances of the SEC losing this appeal. Ripple vs. SEC Lawsuit Appeal Outcome Possibilities In an interview with Tony Edward, Rispoli said, “There wasn’t too much of a downside for the SEC to file this appeal. Now granted it could be catastrophic for them if they lose, but even if that’s the case, there’s no accountability anyway.” Rispoli explained also that the SEC’s appeal targets several elements of the case, particularly the firm’s programmatic sales and other distributions of XRP. He highlighted the importance of these sales, stating, “The programmatic sales are where it’s critically important” According to Rispoli, these sales concern Ripple selling XRP on exchanges, which could open the door for implications affecting secondary sales and exchanges like Coinbase and Kraken. He warned that if the SEC wins this aspect of the case, it could lead to lawsuits against major crypto exchanges: “As soon as they win, they’re filing that case and the Coinbase case and the Kraken case.” 📺 Will the SEC WIN the Appeal of the Ripple XRP Lawsuit? WATCH ▶️ https://t.co/ySFDuGFjEK Attorney Fred Rispoli joined me to discuss all the details of the SEC’s appeal of Judge Torres’ ruling in the Ripple XRP Case. Topics:– Goal of the #SEC Appeal and Timeline– Chances… pic.twitter.com/Lee3qvJnl8 — Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) October 4, 2024 Regarding the SEC’s chances of winning, Rispoli pointed out that the outcome largely depends on the panel of judges assigned to the…

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Filed under: News - @ October 4, 2024 8:16 pm