- 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.
Read Also
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
