The Most Dangerous Stage in the Ripple and SEC Case: Attention XRP Holders!
Attorney Fred Rispoli evaluated the chances of victory in the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple. According to Rispoli, the SEC's chances of winning the case may vary depending on the judges assigned to the case.
Rispoli stated that the three-judge panel that will evaluate the case could significantly affect the SEC's chances. In particular, he emphasized that if a panel known for making decisions in favor of the government is selected, the SEC's chances could increase to 70-80 percent.
However, Rispoli believes that Ripple also has all the equipment needed to defeat the SEC. Rispoli noted that the case carries great risks for both Ripple and the SEC. “The answer is that the SEC will appeal everything they lose. And some of their arguments will be better received than others,” he said.
The critical point in the Ripple case
Rispoli specifically stated that Ripple’s programmatic sales are the most critical area in the case. The lawyer expects the SEC to appeal this part and emphasizes that this process could be the most dangerous stage for XRP investors. This appeal process will directly target the legal status of the token, and a possible victory by the SEC could have negative consequences for other companies such as Coinbase, Kraken, and others.
In addition, the SEC is likely to appeal the penalties determined in the final decision against Ripple. Rispoli predicts that the institution will try to seek a higher penalty.
The outcome of this process could also affect exchange-traded funds (ETFs) that are being tried to be established for XRP in the US.
Stay tuned for new information.
