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Ripple vs. SEC Lawsuit Update: Fred Rispoli Reveals Final Timeline – Case Set to End in 60 Days!
The ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple has finally reached its final stages. Following the recent agreement for the SEC to drop its appeal without conditions, Ripple has also decided to drop its cross-appeal. This development marks a significant turning point in the case.
According to Fred Rispoli, an attorney representing Ripple, the necessary paperwork has already been prepared in light of Stuart Alderoty’s announcement. The next step is for the SEC Commission to vote on the agreement within the next 30 days. Once the vote is complete and the required documents are filed with the court, the SEC will then file a motion to lift the standard injunction that was previously imposed.
Ripple has agreed not to oppose this motion, ensuring that the case will come to an end in 60 days or less. In his statement, Rispoli emphasized that the case’s conclusion is imminent and “spectacular,” implying that it could have significant implications for the future of cryptocurrency regulations.
The resolution of this lawsuit would bring much-needed clarity to Ripple and its investors regarding the legal status of XRP. Furthermore, it may also serve as a precedent for how regulators approach other cryptocurrencies in the future.
This update brings a sense of relief to Ripple and its stakeholders, who have endured uncertainty and market volatility due to the ongoing lawsuit.
Source: https://coinpedia.org/news/ripple-vs-sec-settlement-fred-rispoli-reveals-final-timeline-case-set-to-end-in-60-days/
