Will Ripple Overcome SEC Legal Challenges?
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Legal analyst Fred Rispoli has suggested that Ripple‘s prospects in the ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC) may be more favorable than previously thought. He indicated that the presence of an impartial panel could significantly boost Ripple’s chances of prevailing in the case. Conversely, if the judges are inclined to support the SEC, the agency’s chances of winning could soar to between 70 and 80 percent. What Are Ripple’s Winning Odds? In a recent discussion on the Thinking Crypto podcast, Rispoli emphasized that if the judges in the second circuit appellate court are unbiased, Ripple’s likelihood of succeeding could reach up to 70 percent. He underscored the importance of identifying the three judges assigned to the case, as their decisions will be pivotal to the outcome. Could the SEC’s Case Be Reversed? Rispoli also posited that the appellate court could overturn some of Judge Analisa Torres’ earlier rulings, which favored Ripple. It has been reported that Ripple’s Chief Legal Officer, Stuart Alderoty, is contemplating a cross-appeal, a move Rispoli described as essential to increasing their chances of winning. Rispoli believes litigation could extend until January 2026. The SEC is likely to challenge not only the monetary penalties but the entire summary judgment. Ripple’s favorable ruling regarding XRP‘s status will hold until there is regulatory clarity. The outcome of Ripple’s legal battle with the SEC could have far-reaching implications for the cryptocurrency landscape, potentially influencing market confidence and regulatory perspectives widely. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/will-ripple-overcome-sec-legal-challenges
Filed under: News - @ October 6, 2024 10:54 pm