Pro-XRP Lawyer Shares Prediction For Remedies Ruling In Ripple-SEC Case

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As a researcher with a background in law and a keen interest in the crypto space, I find Fred Rispoli’s insights into the XRP lawsuit an intriguing development. His prediction of a ruling by the end of July or early August aligns with my own analysis of the case’s progression. The potential symbolism of a July 13 decision, given its historical significance in the case, adds an interesting layer to the situation.

As the XRP community anxiously looks forward to a resolution in the ongoing lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC), Fred Rispoli, senior managing partner at Hold Law, has shared valuable insights regarding the anticipated timeline and potential outcomes of the case. In a series of interactions on platform X, Rispoli engaged with users, providing intricate legal analysis and forecasting various possible scenarios as the case approaches a critical turning point.

XRP Lawsuit: When Does The Remedies Ruling Come?

Fred Rispoli, an advocate for Ripple’s stance, has stirred anticipation within the community by forecasting a court ruling between late July and early August. Remarkably, he hinted that Judge Analisa Torres might announce her decision as early as July 13, an intriguing prospect given its symbolic relevance to the case.

“Judge Torres is expected to rule on our case by the end of July or early August. However, he has a reputation for being poetic and could make his decision on the 13th of July, 2023. On that day, Judge Torres issued a summary judgment in favor of Ripple, classifying XRP as a non-security. This groundbreaking ruling led to an instant 100% increase in XRP’s price, demonstrating its significant influence on market trends.”

Regarding the public’s questions regarding the possibility of a pre-trial settlement, Rispoli expressed strong doubt. “I think it’s highly unlikely that the Ripple and SEC cases will settle before trial,” he clarified. This firm stance reflects the deeply rooted stances of both parties as they prepare for the final phases of their legal battle. Additionally, Rispoli pointed out that any unresolved matters in the upcoming ruling could potentially become topics for post-decision settlement negotiations.

As a crypto investor, I’d explain it this way: The SEC, in response to a query from XRPamici, shed light on an essential aspect of the case’s appellate possibilities. They clarified that since their claims against Brad Garlinghouse and Chris Larsen regarding Institutional Sales were dismissed with finality, the SEC is unable to appeal those particular decisions. However, they retain the right to challenge rulings concerning Programmatic Sales of XRP in the appeals process.

An intriguing procedural issue emerged concerning the functions of Judges Sarah Netburn and Analisa Torres in the succession of judicial decisions. Rispoli clarified that these judges might collaborate to avoid requiring a separate ruling from Judge Netburn regarding the SEC’s application of expert witness Andrea Fox, should Judge Torres discover a method to evade relying on her testimony.

In such a situation, as Rispoli pointed out, the outcome would probably result from a decision in favor of Ripple. Consequently, Netburn and Torres could collaborate and decide that the matter Netburn is handling (the SEC’s “expert witness”) doesn’t require resolution because Torres can base her judgment on other evidence (a situation that materializes only when Ripple wins the case).

Around the beginning of May, Jeremy Hogan, another well-known lawyer advocating for RIPP, shared Rispoli’s expectation of a court decision in July. However, he also indicated his preparedness for an unexpected postponement, remarking, “I’ll keep an eye out for a ruling in July and will be taken aback if it comes in September.”

At press time, XRP traded at $0.48709.

Pro-XRP Lawyer Shares Prediction For Remedies Ruling In Ripple-SEC Case

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2024-06-13 10:11