- Pro-XRP lawyer says latest move by court schedule signals “game over” for SEC.
- XRP is set to soar as attorney Fred Rispoli predicts SEC defeat in court.
- SEC’s appeal denial leads to Ripple case narrowing focus on XRP securities violation.
In a recent court order, the SEC v. Ripple lawsuit takes a decisive twist, spelling potential defeat for the Securities and Exchange Commission (SEC). Pro-XRP lawyer Fred Rispoli asserts that the court’s schedule for the upcoming remedies phase marks the endgame for the SEC.
The court, led by James K. Filan, has set a timeline for remedies-related discovery, with parties expected to complete it by February 12, 2024. The SEC must file its remedies brief by March 13, and Ripple’s opposition is due by April 12, 2024. Additionally, the court mandates the SEC’s reply to any opposition by April 29, 2024.
Attorney Rispoli predicts that an appeal from either party could delay a Second Circuit ruling until mid-2026. While he doesn’t specify potential events, his comments suggest unfavorable outcomes for the SEC.
Rispoli confidently declares “game over” for the SEC, signaling a victory for Ripple in this legal showdown.
Despite the SEC’s intention to appeal, indicated by its failed interlocutory appeal attempt, the court instructed the regulator to wait until all pending issues were resolved. In a strategic move, the SEC dropped charges against Ripple executives Brad Garlinghouse and Chris Larsen, narrowing the focus to determine Ripple’s fine for violating securities laws through XRP sales.
As the legal battle nears resolution, the XRP community anticipates a favorable outcome, sending the crypto soaring to new heights. The court’s schedule sets the stage for Ripple’s potential triumph, marking a significant development in the crypto landscape.
