news 
Ripple vs SEC: Pro-XRP Lawyer Says SEC May Officially Drop Appeal Before April 16
In a shocking turn of events, Ripple’s XRP sales may be officially off the hook as a lawyer specializing in cryptocurrency cases has revealed that the U.S. Securities and Exchange Commission (SEC) might be willing to drop its appeal before April 16.
According to an exclusive report, the SEC is set to hold a closed-door meeting on Thursday, April 10, which could potentially bring an end to the long-standing legal battle between Ripple Labs and the SEC. The meeting’s timing comes just days before Ripple’s deadline to file its response in the appeal process, scheduled for Wednesday, April 16.
As reported by Coinpedia, if the SEC decides to withdraw its appeal during this week’s meeting, it would mark a significant win for Ripple and the crypto industry as a whole. If such an action occurs, it would be a major step towards settling the case once and for all.
Fred Rispoli, a prominent attorney specializing in cryptocurrency cases, has come forward to share his insight on the situation. The legal expert emphasized that there is a 90% chance the case will settle or the appeal will be withdrawn before April 16, leaving only a slim 10% chance of Ripple having to file its brief.
Rispoli further suggested that both parties have likely reached an agreement behind the scenes but have not yet made any public announcements. While the SEC has remained tight-lipped on the matter thus far, Ripple executives have confirmed that the commission is willing to return $75 million out of the original $125 million fine imposed last year.
The ripple effect of such a move could be profound, especially considering the implications for crypto regulation in the long run.
Source: https://coinpedia.org/news/ripple-vs-sec-pro-xrp-lawyer-says-sec-may-officially-drop-appeal-before-april-16/
