Ripple SEC Case: Lawyer Reveals Crucial Date for Major XRP Lawsuit Updates
Highlights
- Lawyer Fred Rispoli reveals potential developments within the Ripple SEC case.
- Rispoli states that Ripple's move on April 16 will determine the case's outcome.
- The lawyer previously stated that the case would end in two months.
Legal expert Fred Rispoli reveals a crucial date for the case’s upcoming developments, as the Ripple SEC case is nearing a critical juncture. As the crypto community eagerly awaits the XRP lawsuit’s settlement, the lawyer uncovers potential developments that could determine the case’s outcome. According to Fred Rispoli, the XRP lawsuit will reach a significant milestone on April 16, 2025 (Wednesday), the scheduled date for Ripple’s appellate brief.
Let’s discuss the attorney’s thoughts on the possible developments and potential settlement of the Ripple case.
Ripple SEC Case Update: What To Expect on April 16?
In a recent X post, lawyer Fred Rispoli predicted a significant development in the Ripple SEC case, anticipating a crucial turn on April 16, when Ripple is set to file its appellate brief. As per his statement, this potential moment could shed new light on the case and possibly influence its outcome.
Notably, the lawyer emphasized that there’s no possibility of an extension for Ripple’s appellate brief, making April 16 a critical deadline. Thus, Ripple is expected to take one of two actions: either file its brief as scheduled or issue a notice indicating a settlement or withdrawal from the appeal. This binary outcome has significant implications for the SEC vs Ripple case.
Ripple’s Binary Choice
Rispoli’s prediction presents a binary choice for Ripple next Wednesday. These options include Ripple filing its appellate brief with a 10% chance and the case’s settlement or withdrawal notice with a 90% likelihood. This stark contrast highlights the high probability of a resolution, according to the lawyer’s assessment.
XRP Lawsuit Settlement Discussions Prevail
Though the US SEC has reportedly dropped its appeal following which Ripple withdrew its cross-appeal, the final resolution of the case remains uncertain. This sparks multiple interpretations and widespread anxiety within the community.
Previously, Fred Rispoli highlighted that the Ripple SEC case is likely to end within two months. However, a mysterious filing in the XRP case that popped up recently has added further ambiguity to the lawsuit’s conclusion.
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