Fred Rispoli, a senior partner at Hold Law, has made a prediction that a decision will be made in the Ripple-SEC case by late July or early August.
The ruling by Judge Torres could potentially bring clarity to XRP’s regulatory status and have broader implications for the US crypto market.
The XRP community is eagerly anticipating the long-awaited ruling in the Ripple vs. U.S. Securities and Exchange Commission (SEC) case. Fred Rispoli, a senior partner at Hold Law, recently shared his insights on the potential outcomes of the case through the X platform.
“I predict that we will have a ruling by the end of July or early August. Although Judge Torres may decide to issue it on July 13, adding a poetic touch to the proceedings,” said Fred Rispoli.
Judge Torres’ previous ruling in favor of Ripple, back in July 13, 2023, where she classified XRP as a non-security, resulted in a significant surge of 100% in XRP’s price in just one day, demonstrating the impact of the lawsuit on the crypto landscape.
When asked about the possibility of a settlement, Fred Rispoli expressed skepticism, noting that both parties remain steadfast in their positions.
While discussing the potential for an appeal by the SEC, Rispoli clarified that the SEC cannot appeal claims against Ripple executives Brad Garlinghouse and Chris Larsen related to Institutional Sales, as those claims were dismissed with prejudice. However, the SEC could appeal rulings related to XRP sales.
Furthermore, Fred addressed a procedural issue involving Judges Torres and Netburn, suggesting that they could collaborate to streamline the judgment process by avoiding reliance on expert witness Andrea Fox.
Former Ripple executive Sean McBride noted that prices may remain stagnant until Judge Torres delivers her final verdict, with the current XRP price trading at $0.4857, representing a 1.73% decline.
Overall, the Ripple-SEC case remains a focal point for the crypto community, with many eagerly awaiting the outcome and its potential implications for the industry.