- XRP community debates SEC silence amid Ripple case, fearing hidden developments.
- Fred Rispoli anticipates SEC losses, sparking discussions on the case’s prolonged quiet.
- Uncertainty looms as XRP investors question SEC’s intentions in Ripple legal battle.
In the midst of the fervor surrounding the Bitcoin ETF narrative, the XRP community finds itself caught in a wave of uncertainty as discussions emerge about the unusual silence in the ongoing SEC vs Ripple case.
The debate kicks off with Fred Rispoli, who expresses surprise at the absence of SEC discovery motions despite the historically hostile nature of the litigation. He speculates on two potential outcomes – a settlement following SEC obtaining desired discovery or a protracted legal battle culminating in damages briefing with a ruling expected in early summer.
Jeremy Hogan, a Partner at Hogan & Hogan, chimes in, sharing the collective unease, stating, “Yeah, it has been awfully quiet, hasn’t it Fred? Making me nervous.”
Rispoli responds, expressing hope that the SEC is acknowledging its potential losses against Ripple and considering moving on to other pursuits. The debate widens as other contributors suggest the SEC’s tactic of prolonging legal processes to the detriment of investors.
The community explores the SEC’s motivations, with Rispoli noting the SEC’s penchant for monetary gains, implying that a prolonged case in the damages phase would mean less money for the SEC.
Amidst the uncertainties, questions arise about the SEC’s long-term strategy, with considerations given to the possibility of an appeal. Rispoli suggests that if an appeal is in the cards, expediting the discovery and briefing process would be crucial to reaching the appeal stage promptly.
As discussions continue, the XRP community remains on edge, speculating on the SEC’s intentions and the potential implications for Ripple and XRP investors.
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