Ripple vs. SEC: Legal Expert Predicts Shock Resolution Timeline—Is It Finally Over?
0
0

The long-drawn-out legal battle between Ripple and the SEC may finally be approaching its final chapter. While both parties have agreed to drop their respective appeals, the case is not entirely over. Critical legal steps remain before the lawsuit is fully resolved, and a prominent legal expert has now laid out a clear timeline for when we can expect closure.
But is the end truly in sight, or will new complications arise? Here’s what we know.
The Final Steps to Resolution
Despite progress, some legal matters still require resolution, particularly concerning Judge Analisa Torres’ final ruling. Ripple’s decision to withdraw its cross-appeal was conditional, tied to a reduced $50 million settlement with the SEC—down from the initially ordered $125 million. Additionally, the regulator must formally request the lifting of a permanent injunction on Ripple’s institutional XRP sales.
According to Fred Rispoli, founder of Hodl Law, these final hurdles are already in motion. He has outlined a three-step process that could lead to full resolution within just two months.
Step 1: SEC’s Internal Vote
Ripple’s Chief Legal Officer, Stuart Alderoty, recently highlighted the necessary steps before the case can be fully resolved. The first key step? A vote from the SEC commissioners to confirm the decision to drop their appeal.
This vote was expected to take place in a closed-door meeting on March 27. However, it did not happen, leaving the crypto community anxiously awaiting an update. Rispoli, however, remains confident that the vote will occur within the next 30 days.
Step 2: SEC’s Motion to Dismiss Injunction
Once the SEC’s vote is secured, the regulator is expected to formally request that Judge Torres lift the injunction on Ripple’s future XRP sales. Rispoli predicts that Ripple will not challenge this motion, allowing for a smoother process.
Step 3: Judge Torres’ Final Approval
After the SEC files its motion, the final decision lies in the hands of Judge Torres. Given the case’s history, Rispoli believes the judge will grant the request swiftly—likely within 30 days of the SEC’s filing.
The Countdown to May 24
Based on this timeline, Rispoli anticipates that the entire legal battle could be fully resolved by May 24, 2025—just 60 days from his March 25 prediction. This would mark the end of a case that has plagued Ripple and XRP holders for over three years.
What’s Next for XRP?
With the lawsuit nearing resolution, XRP holders are now shifting their focus to potential price movements and the broader implications for the crypto industry. If the SEC lifts the restrictions on XRP’s institutional sales, could this signal a bullish resurgence for the cryptocurrency?
For now, all eyes remain on the SEC’s next move. Will they stick to the expected timeline, or is another delay on the horizon? Either way, the crypto world is watching closely as this high-stakes legal battle races toward the finish line.
The post Ripple vs. SEC: Legal Expert Predicts Shock Resolution Timeline—Is It Finally Over? appeared first on Coinfomania.
0
0
Securely connect the portfolio you’re using to start.