TL;DR
- Lawyer Fred Rispoli hints at a deal between Ripple and the SEC before April 16.
- The former White House official Anthony Scaramucci recently claimed the regulator has already dropped the case against the crypto company.
Resolution in the Next Few Weeks?
In recent months, the US Securities and Exchange Commission (SEC) has undergone significant leadership changes and has dropped or paused numerous lawsuits against various crypto businesses. However, the legal battle against Ripple continues, raising questions about the timeline for resolution.
While it’s challenging to pinpoint the exact moment when both parties will reach an agreement, renowned lawyer Fred Rispoli has suggested that a resolution could be forthcoming before April 16, the date when Ripple is scheduled to file their appellate brief.
Although there is no formal reason requiring it, it is reasonable to speculate that the SEC v. Ripple case is resolved—or at least something significant happens—before Ripple’s filing deadline of April 16, 2025.
Let’s keep an eye on it…and hope.
— Fred Rispoli (@freddyriz) March 11, 2025
This suggestion has ignited discussions across social media platforms, with one user arguing that the case might have been concluded weeks ago, although no formal announcement has been made. Rispoli concurred, noting that such negotiations often transpire behind closed doors.
Recently, Anthony Scaramucci participated in an interview where he asserted that the Ripple v. SEC lawsuit is among those that the SEC has effectively dismissed. The point was supported by the host of the discussion, Scott Melker, also known as The Wolf of All Streets.
XRP Bulls Await the News
The potential resolution of this legal battle is expected to lead to heightened volatility in the price of Ripple’s native token, XRP. A favorable outcome for Ripple could launch a bullish trend for the token, while an adverse decision may cause significant downward pressure. Historically, developments in this lawsuit have triggered considerable price fluctuations for the asset.
Additionally, other factors may benefit the bulls, including an overall resurgence in the cryptocurrency market and the anticipated launch of a spot XRP ETF in the United States. Companies such as Grayscale, 21Shares, WisdomTree, Bitwise, and recently, Franklin Templeton, have filed applications to introduce such investment vehicles.
As the April 16 deadline approaches, stakeholders are keenly watching for any updates that could significantly influence the future trajectory of Ripple and its token. Stay tuned as this situation continues to develop.
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