2024

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
In a recent analysis of the ongoing legal dispute between Ripple Labs and the U.S. SEC, legal expert&nbsp;<a href="https://x.com/freddyriz/status/1772441439823077550?s=20" rel="noopener noreferrer nofollow">Fred Rispoli</a> has highlighted a potential significant development in the case, suggesting a 40% likelihood of a pivotal twist.
As became known yesterday, the SEC has requested a substantial $2 billion fine against Ripple. This demand, expected to be detailed in forthcoming documents, marks a critical moment in Ripple's extended legal battle with the regulatory agency.
Rispoli, a known supporter of XRP, dissected the nuances of the case, emphasizing the seriousness of the SEC's allegations against Ripple. He noted the importance of the regulator's obligation to demonstrate actual harm to investors, a point contested by Ripple, which denies the validity of the SEC's claims and questions the regulator's adherence to legal standards.
The motion, Rispoli stressed, carries substantial implications for&nbsp;<a href="https://u.today/ripple-facing-2-billion-demand-from-sec" rel="noopener noreferrer nofollow">Ripple</a> and the cryptocurrency market. Speculating on possible outcomes, he suggested two scenarios: a favorable settlement post-ruling to which he gives a 40% chance of an extended legal battle with Ripple facing constraints in its operations.
<h2 dir="ltr" id="key-points">Key points</h2>
Examining the motion, Rispoli highlighted several key aspects, including the contentious issue of discounted XRP sales to institutional buyers. He expressed concern over the potential impact of these discounts on XRP's market dynamics, particularly on retail investors and the broader cryptocurrency ecosystem.
<blockquote>
 ...is a final settlement after the ruling. I'm now putting this at 40% odds. More likely is this will come out favorable to Ripple on the amount of money owed but that Ripple takes hits on what is allowed going forward, meaning this is going to an appeal to the 2nd. 10/10— Fred Rispoli (@freddyriz) <a href="https://twitter.com/freddyriz/status/1772441456306721120?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 26, 2024</a>
</blockquote>
Moreover, Rispoli discussed Ripple's ongoing&nbsp;<a href="https://u.today/xrp-eyes-30-april-increase-if-xrp-price-history-comes-true" rel="noopener noreferrer nofollow">XRP</a> sales post-litigation, raising questions about the company's revenue sources and contractual arrangements with institutional buyers. He noted the significance of the court's impending ruling on the legality of these transactions, signaling potential changes in Ripple's future business practices.
In an intriguing observation, Rispoli also pondered the impact of institutional buyer discounts on&nbsp;<a href="https://u.today/xrp-attracts-massive-12-million-inflows-amid-bitcoin-exodus" rel="noopener noreferrer nofollow">XRP's price</a> trajectory, hinting at the potential influence of large-scale investors on market dynamics.

XRP Lawyer Reveals 40% Chance of Game-Changing Twist in SEC v. Ripple Case

Table of Contents

U_Today

Other articles published on Mar 26, 2024

SEC Declares Binance A ‘Threat’, Imposes Access Restrictions On Philippine Users

Shiba Inu, Dogwifhat & Scorpion Casino ROIs Rise with the Crypto Pump

Bitcoin block art? Marathon showcases visualization potential of block building

Shiba Inu And Pepe Coin Prices Rebound Amid A Surge In Key On-Chain Metric! What’s Next For SHIB ...

SEC demands that Ripple pays $2 billion in damages

Can Polkadot (DOT) Beat BTC Price Potential? Experts Say Algotech Safe Bet for Upcoming Halving

Join our free newsletter for daily crypto updates!