XRP Lawsuit Update: When Ripple vs SEC Will End? Legal Analyst Fred Rispoli’s Take
The post XRP Lawsuit Update: When Ripple vs SEC Will End? Legal Analyst Fred Rispoli’s Take appeared first on Coinpedia Fintech News
Donald Trump’s recent U.S. presidential election win has energized the cryptocurrency community, particularly regarding the SEC v. Ripple lawsuit. Legal analyst Fred Rispoli suggests that the case could see a settlement as early as March 2025 under Trump’s administration.
Possibility of XRP Lawsuit Resolution, If?
With Trump’s win, Rispoli noted two potential paths for Ripple. The first path would involve current SEC Chair Gary Gensler’s team aiming to settle before any changes at the agency. However, this scenario might come with penalties, allowing the SEC to retain some control. The second and more favorable path for Ripple could unfold under Trump-appointed leadership, which might revisit the case’s penalties or dismiss certain charges, especially around XRP’s classification as a security.
Calls for a Fresh Look at Crypto Cases
Paul Grewal, Coinbase’s Chief Legal Officer, believes the incoming administration may reassess Gensler’s crypto cases, distinguishing between clear scams and legitimate companies like Ripple and Coinbase. Grewal voiced optimism that clearer regulations and new perspectives could promote a fairer approach, steering the SEC toward collaboration with the crypto industry rather than legal battles. His thoughts shared on X emphasized that the election results indicate voters want change, especially in how crypto cases are handled. He urged the SEC to shift from enforcement to constructive dialogue with crypto firms and promptly start rulemaking.
Ripple CEO Anticipates Supportive Regulations
Ripple CEO Brad Garlinghouse has welcomed this change, commending the resilience of the XRP community. He expressed optimism that Trump’s administration could bring in policies more favorable to the crypto industry, offering a much-needed reprieve after years of regulatory struggles. Following Trump’s win, the SEC has been directed to file an appeal in the Ripple case by January 15, 2025, setting the stage for a potential limit on the current leadership’s influence on the case.
Trump’s Team Eyes Pro-Crypto Leadership for SEC
Trump’s transition team is already considering former SEC commissioners Dan Gallagher and Paul Atkins, known for their regulatory clarity stance, as candidates for SEC chair. Gallagher, especially, is seen favorably within the crypto community. With this anticipated leadership change, the new administration intends to curb Gensler’s regulatory overreach, including numerous enforcement actions against crypto companies.
XRP Market Snapshot
Trump’s win and the potential for a favorable Ripple settlement have positively impacted XRP, pushing its price above $0.55, its highest since October. Analysts believe XRP could reach $1 if a settlement appears likely. The Trump administration has also sparked hopes for a potential XRP ETF, which a Republican-led SEC may be more inclined to approve, following Bitcoin and Ethereum ETFs. This regulatory shift under Trump could prove beneficial for XRP and other digital assets.
The price of XRP (XRP) is $0.55331760 today
Based on the recent analysis by legal expert Fred Rispoli, the SEC vs. Ripple case could realistically settle by early to mid-2025.
