**XRP News: Lawyer Predicts July 31 Ruling in Ripple vs. SEC Case**
The Ripple vs. SEC lawsuit is nearing its conclusion, with the crypto community anticipating either a settlement or a resolution. Pro-XRP lawyer Fred Rispoli predicts a key ruling on July 31 in the remedies phase, which is eagerly awaited by the community.
Fred Rispoli tweeted on July 30, 2024: "I'm running out of time to hit my 7/31 prediction for the remedies ruling! #XRP".
**Judge’s Deliberations**
Judge Analisa Torres is currently considering penalties and injunctions in the case's remedies phase. Experts expect a final ruling soon, possibly in August if not by the end of July. Immediate appeals are anticipated due to the high stakes involved.
**Speculations and Legal Insights**
Rispoli’s social media post reflects the growing impatience within the XRP community. Marc Fagel humorously questioned why secret meetings were happening, to which Rispoli responded that the SEC is struggling to finalize the case, suggesting a resolution by August or September.
**Crypto Implications**
Experts, including wealth advisor Mickle, view the SEC’s case against Ripple as weak despite Ripple’s wins. The potential for both parties to appeal previous decisions adds complexity. If the SEC does not appeal, its position in other crypto cases could be weakened. Ripple might appeal the decision that its ODL sales are securities offerings due to their significant revenue impact.
**What to Expect?**
Judge Torres’s decision on penalties is not expected to overly concern Ripple supporters. The wording of the injunction will be crucial for Ripple’s operations. A recent joint status response in the US District Court for the District of Columbia details ongoing deliberations on penalties, potential injunctions, and possible appeals. This comprehensive approach aims to close any loopholes before the final judgment.
Do you expect a resolution in August or September?