As a seasoned researcher with years of experience following legal battles in the crypto space, I find myself closely watching the ongoing tussle between Ripple and the SEC. My gut feeling is that this case, like many others in the crypto world, will be a nail-biter until the end.
Lawyer Fred Rispoli has shared his views on the likelihood of the SEC’s success against Ripple, in a discussion on the “Thinking Crypto” podcast.
The outcome of the SEC’s victory may hinge on which judge is assigned to hear the specific case, as the quality of the panel can vary greatly, ranging from acceptable to exceptional or even unfavorable.
If the panel consistently supports the government on all matters, it increases the likelihood that the Securities and Exchange Commission (SEC) will prevail in their decisions. He emphasized that the probability might be as high as 70% or even 80%.
Rispoli is convinced that Ripple has “all the tools” that are required to defeat the U.S. Securities and Exchange Commission.
During an interview, he said that there’s a lot of risks both for Ripple and the SEC.
He mentioned that they will contest everything they’ve lost, and while not all their points may be well-received, some will carry more weight.
In this scenario, programmatic sales are crucial and it is anticipated that the SEC may challenge this aspect during their appeal. For XRP holders, this part of the appeal process carries significant risk, as the legal status of the token is at stake with the SEC intending to target it. If the SEC succeeds, it could also negatively impact companies like Coinbase, Kraken, and others.
Furthermore, it’s expected that the SEC might challenge the fines imposed on Ripple, as per the court ruling. They may strive to increase the penalty amount in the appeal process.
In the meantime, it falls upon Ripple to keep their clientele and institutional investors loyal during the appeals phase, as suggested by Rispoli.
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2024-10-04 22:52