XRP Lawsuit: Lawyers React As Expert Hints At Ripple Vs SEC Case End

In a surprising revelation, Andrew AP Abacus, co-founder of Arch Public, disclosed that the XRP lawsuit is on the cusp of conclusion. Citing two sources within the Securities and Exchange Commission (SEC), the expert outlined several possible outcomes for the Ripple vs SEC case.

Notably, AP Abacus’ predictions drew skeptical responses and raised eyebrows from legal experts John Deaton, Bill Morgan, and Fred Rispoli. Let’s dive into the experts’ reactions and explore their implications for Ripple’s future.

XRP Lawsuit Nears Endgame: Experts React

Recently, Arch Public co-founder Andrew AP Abacus took to X to share insights on the imminent resolution of the prolonged XRP lawsuit. He stated, “*two* SEC sources believe Ripple case is very close to ending.”

Significantly, the potential conclusion of the Ripple vs SEC case is a long-standing debate. AP Abacus’ recent post added fuel to the fire, generating both optimism and skepticism. While many community members remain optimistic, legal experts and XRP lawyers raise eyebrows. For instance, pro-XRP attorney John Deaton’s simple reaction gained attention as he posted a pair of eyes emoji, conveying his surprise and skepticism.

Similarly, Bill Morgan, another prominent XRP lawyer, expressed mixed reactions to AP Abacus’ predictions. Bill Morgan raised concerns over certain aspects of the expert’s predictions, while also acknowledging some positive points.

XRP Lawsuit: Possible Outcomes

In his X post, AP Abacus provided a few possible outcomes for the XRP lawsuit as it nears its conclusion. According to him, the US SEC may consider classifying the XRP token as a commodity. This possible classification could have a significant implication over the regulatory status of XRP.

In addition, AP Abacus stated that the Ripple may face a reduced fine in the XRP lawsuit. While the penalty imposed by Judge Analisa Torres is $125 million, a reduced fine could invoke a new turn in the Ripple vs SEC case. Interestingly, XRP advocacy platform All Things XRP had previously predicted a penalty reduction, assigning it a 30% probability.

Further, the expert suggested that the US SEC’s new leadership recognizes the significance of this case and its potential to set a precedent for future regulatory decisions. This implies that the SEC may take a more cautious approach, ultimately benefitting Ripple.

Ripple Case Outcome Sparks Mixed Reactions

While John Deaton expressed his confusion with an emoji, XRP lawyer Bill Morgan shares a detailed opinion on AP Abacus’ Ripple lawsuit predictions. While Morgan remains hopeful about some points, including the XRP’s classification and the SEC’s cautious approach, he acknowledges a significant obstacle – the injunction- that needs to be addressed.

Meanwhile, legal expert Fred Rispoli shared a lighthearted message with a mix of humor, sarcasm, and optimism. He admits that he’s selective in believing AP Abacus’ sources. He asserted that he would rather believe the positive updates while being skeptical of the negative.

Rispoli attributes his selective skepticism to his “unbridled hope” for a favorable outcome, rather than hypocrisy. In other words, his optimism makes him receptive of positive news and more doubtful of negative outcomes. Previously, Rispoli had dismissed delay discussions on the XRP lawsuit resolution, asserting that a settlement is simple and possible.

How Will Ripple Lawsuit Resolution Impact XRP Price?

As of press time, XRP is valued at $2.33, down 0.56% over the past day. Despite an 8% surge over the past week, XRP has experienced a downfall of over 16% in a month.

However, experts believe that the XRP lawsuit resolution could spark a major rally in XRP’s price. Experts like Egrag Crypto sees XRP’s potential surge to $4.8, sparking enthusiasm within the community.