Bitrabo Editorial
The legal battle between Ripple and the US Securities and Exchange Commission (SEC) has reached a critical point, with the community eagerly awaiting a potential ruling on remedies and penalties. Speculation is rife among XRP supporters, with predictions suggesting a ruling could come as early as this week.
Prediction for a Near Ruling
A pro-XRP lawyer, Fred Rispoli, has speculated that the ruling could happen as soon as Friday, shortly before the anniversary of a key summary judgment ruling. This prediction aligns with the expectation of a resolution by the end of July.
Bill Morgan, another pro-XRP lawyer, raised procedural concerns that could impact the final ruling process. There is an outstanding motion before Judge Sarah Netburn that may need resolution before Judge Analisa Torres can decide on penalties and remedies.
Rispoli clarified that while the motion is pending, there is flexibility in how the judges proceed, suggesting that Torres could make a ruling that renders the pending motion irrelevant, allowing the process to move forward smoothly.
Recent predictions signal a potential ruling date of July 31 or even as early as July 13, coinciding with a significant past judgment that favored Ripple. However, Ripple’s motion filed on April 29 to strike new expert materials introduced by the SEC adds complexity to the situation, pending Judge Netburn’s decision on the matter.
If Judge Netburn rules in Ripple’s favor on this motion, it could pave the way for Torres to proceed without further delay. Despite these procedural hurdles, there is optimism that a ruling on remedies and penalties could be imminent, potentially this week.
Despite the anticipation surrounding the case, the XRP price remains stable at $0.43 as of the latest data.