Ripple $0.589073 The lawsuit between the Securities and Exchange Commission (SEC) and the US continues to remain on investors’ radar. As the case enters its final stages, speculation is growing that there will be a long legal battle between the two sides. It is thought that Ripple may also file a counter-objection, especially as the SEC is expected to file an appeal.
Final Stage in the Case
The Ripple – SEC case stands out as one of the longest legal battles in the crypto world. In fact, we can say it is the longest because it will soon be exactly 4 years. Many cases that started after the Ripple case have already been resolved. Last month, Judge Torres fined Ripple $125 million. This decision seems like a clear victory for Ripple when compared to the $2 billion requested by the SEC.
Expectations from Former SEC Lawyers
“There’s a 75 percent chance the SEC will appeal the liability portion,” James Farrell estimated.
A stay of payment of the fine has been issued by Ripple. The parties have agreed on a delay in payment. This development indicates that both parties are considering extending the legal battle.
Next Steps in the XRP Case
The Ripple community is cautiously optimistic, but the SEC’s appeal could prolong the litigation process. The final decision will have significant implications for XRP’s regulatory status and the overall crypto market.
“It’s possible the agency will make a last-minute decision to appeal,” Fred Rispoli said.
Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty have denied concerns that the XRP case will be dragged out, stating that they have no intention of doing so. On the other hand, James Farrell has mentioned the possibility that the SEC will return the $125 million fine and interest if Ripple wins the appeal. October 7 is the SEC’s deadline for appeal, and XRP Coin investors will be on edge until then.
If the SEC appeals, Ripple may consider appealing the court ruling on institutional sales and On-Demand Liquidity transactions. The end of the legal process will have significant consequences for all markets, so it is likely that both sides will use all their energy until the very end.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
