XRP News: Lawyer Says SEC Appeal Ruling Unlikely Until 2026

Attorney Fred Rispoli downplays concerns over SEC appeal, stating a ruling in XRP lawsuit won't come till 2026, with less impact on XRP price.
By Bhushan Akolkar
Can XRP Price Hit $15 If Ripple Vs SEC Case Ends This Week? XRP lawsuit Ripple Lawsuit

Highlights

  • Attorney Fred Rispoli said that the appeal will have minimal impact on XRP’s price action.
  • He suggests that any future challenges for Ripple or XRP will not be solely due to the ongoing legal battle.
  • Despite Ripple announcing new smart contract capabilities and RLUSD upcoming launch, it has minimal impact on XRP price.

There’s a major twist in the XRP lawsuit with Ripple requesting a stay order on the $125 million penalty payment to the US SEC. Popular attorney Fred Rispoli stated that there’s no need to freak out over the SEC appeal likely by October 7. He further added that the XRP Price action ahead won’t depend much on the Ripple vs SEC lawsuit.

Advertisement
Advertisement

Don’t Fret Over SEC Appeal in Ripple Lawsuit, Says Attorney

Popular attorney Fred Rispoli stated that there’s no need to panic over concerns surrounding a potential appeal in the SEC vs. Ripple case. He added that even if the court accepts the appeal, the ruling on the appeal won’t come until 2026, reducing its immediate impact.

Rispoli stated that the SEC’s recent lawsuits against exchanges and multiple securities allegations have reduced the significance of an appeal. The Attorney added that if Ripple or XRP faces challenges now, it won’t be due to the SEC appeal alone, signaling that other factors will play a larger role in the company’s future trajectory.

The likelihood of an SEC appeal in the XRP lawsuit has increased both parties have reached an agreement regarding the monetary judgment, said Rispoli. Under the new arrangement, the trust will hold 111% of the monetary judgment. The funds will only be released to the SEC either 30 days after the appeal deadline passes or once the appeal process has concluded.

Advertisement
Advertisement

Why Is XRP Price Not Reacting to Positive Developments?

Attorney Bill Morgan has also commented on the lack of impact on XRP’s price following significant announcements from Ripple. Despite Ripple announcing the introduction of smart contract capabilities to the XRP Ledger (XRPL), and plans to launch its USD-pegged stablecoin, RLUSD, in the coming weeks, the XRP price hasn’t shown any positive move.

Furthermore, Morgan also raised doubts over the application of the Howey test to XRP, questioning whether investors could reasonably expect profits from Ripple’s efforts, given the developments of recent years.

The XRP price continues to flirt at $0.5535 levels down by 3.5% on the weekly chart despite some major announcements. On-chain data also shows the rise in the XRP short positions with analysts predicting another 15% crash from the current levels.

Advertisement
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.