.png){kind=logo}
Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC) is approaching its conclusion. According to Fred Rispoli, an expert on the case, the dispute is anticipated to end in settlement within the next two months. The settlement process began after the SEC withdrew appeals as Ripple abandoned its opposing appeal. However, despite recent developments, Rispoli warns that the lawsuit still needs a final resolution.
Ripple's legal chief, Stuart Alderoty, recently suggested that the company has prepared the necessary documents for a settlement. The next step involves the SEC Commission voting on the matter, which is anticipated to occur within the next 30 days. Following this vote, the SEC will file to lift the injunction imposed on Ripple. Ripple is expected to comply with this filing, allowing Judge Torres to sign off on the motion. This process will mark the final legal step, according to Rispoli, who predicts the case will be formally concluded within 60 days.
While the SEC has not officially announced the case's dismissal, the withdrawal of both the SEC's and Ripple's appeals has sparked speculation that the matter has already been settled. In particular, Ripple’s decision to drop its cross-appeal has led many to believe the legal battle is nearing its end. Despite this optimism, Rispoli clarifies that procedural steps are still needed before the case is officially closed.
Despite the optimistic outlook, Rispoli highlights potential obstacles that could arise due to future political or legal changes. He warns that a shift in the U.S. administration before 2028 could present new challenges for Ripple and the broader cryptocurrency sector. Should legislation hostile to cryptocurrency be introduced, it could delay or complicate the case resolution. However, barring any significant changes in the legal landscape, Rispoli expects the XRP lawsuit to be resolved soon.
The outcome of this dispute serves a crucial function for both Ripple and its follower base, including the XRP holders who experienced prolonged uncertainty. The agreement in principle between Ripple and the SEC has resolved their dispute, yet the prolonged case created enduring changes for both the company and the cryptocurrency market. Legal professionals and market participants track the developing situation that draws near its resolution.
Ripple should gain the necessary clarity from this settlement agreement. The company can advance its operations after spending numerous years under legal uncertainty. The legal resolution can potentially establish future rules governing bodies will adopt regarding cryptocurrency industries.
