Bitrabo Editorial
Hold Law’s senior partner, Fred Rispoli, shared his predictions and analysis regarding the ongoing lawsuit between Ripple Labs and the SEC. Rispoli engaged with the XRP community, offering insights into the possible outcomes and timeline of the case.
Timing of Remedies Ruling in XRP Lawsuit
Rispoli forecasted a ruling by end of July or early August, suggesting a decision by Judge Analisa Torres on July 13, symbolically significant given past events. Judge Torres previously delivered a key judgment on July 13, 2023, favoring Ripple and triggering a 100% surge in XRP value.
When asked about the likelihood of a settlement, Rispoli expressed skepticism, stating the chances are currently at 0%. This indicates the firm stances of both parties as they head towards the case’s conclusion. Rispoli also highlighted the potential for unresolved issues to be subject to post-decision settlement talks.
Rispoli clarified the appeal possibilities for the SEC, explaining limitations due to certain claims being dismissed but leaving room for appeals related to XRP’s Programmatic Sales. He also discussed a scenario where Judge Netburn and Judge Torres could streamline proceedings by coordinating on certain rulings.
Jeremy Hogan, another pro-XRP lawyer, shared Rispoli’s expectation of a July ruling with a humorous readiness for any potential delays. As of now, XRP is trading at $0.48709.