EddieJayonCrypto
10 Apr 25
The XRP community is anticipating developments on April 16, when Ripple's appellate brief is due. Legal expert Fred Rispoli suggests a 90% chance of a settlement or withdrawal notice. The status of the lawsuit against the SEC remains uncertain, despite CEO Brad Garlinghouse's announcement that the a...
The XRP community is eagerly anticipating developments on April 16, when Ripple's appellate brief is due. Legal expert Fred Rispoli predicts a 90% chance of a settlement or withdrawal notice, injecting uncertainty into the conclusion of the Ripple-SEC lawsuit. Despite CEO Brad Garlinghouse's announcement that the agency had dropped its appeal, the regulator's silence raises questions about the lawsuit's actual status.
Recent confrontations between Ripple and the SEC center around a court filing from Justin W. Keener, which the agency opposed, citing jurisdiction and procedural issues. This filing, characterized as an "emergency request," aims to present decisive evidence in favor of the defendants and liberty for the American people, although its specific relevance to Ripple remains unclear. The SEC has contended that Ripple can independently determine the relevance of the evidence to its case, countering Keener's filing on three grounds: lack of jurisdiction, improper motion to intervene, and necessity.
In light of these developments, the XRP army is closely monitoring the situation, with April 16 looming as a pivotal date in the ongoing legal saga between Ripple and the SEC.