- Attorney Fred Rispoli expects the case to be fully settled within 60 days, pending SEC approval.
- Future government policies or crypto regulations could pose new legal challenges for Ripple.
- A settlement may pave the way for Ripple’s IPO and institutional XRP sales, but compliance remains key.
The XRP lawsuit continues without resolution despite indications that a resolution is possible. Attorney Fred Rispoli indicates that the case will be officially closed in the next 60 days because Ripple has already prepared all necessary documents for settlement. The SEC must authorize the settlement decision through internal processes, after which the court will provide a final ruling.
Settlement Expected Within 60 Days
Crypto community members believed that the long legal fight between Ripple and the Securities and Exchange Commission had reached its ultimate conclusion. The speculation emerged when Ripple removed its cross-appeal after the SEC stopped pursuing its appeal. Rispoli stated that the trial remains in progress despite being close to its final stage.
Rispoli mentions that Ripple and the SEC have reached the concluding stages of their settlement process. Rispoli disclosed that the legal process to finalize the case would take no longer than sixty days. Chief Legal Officer Stuart Alderoty from Ripple announced suggestive progress by stating the company has created all necessary settlement documentation. The SEC Commission will formally vote about this matter during a period that is anticipated to be approximately 30 days long.
The SEC will submit its request to terminate the injunction to the commission for a vote, after which Ripple will not appeal the decision. Judge Analisa Torres needs to authorize the filing process, which might take thirty days. The legal process is predicted to result in lawsuit closure before two months.
What Comes Next for Ripple and XRP?
The legal dispute is ending, but multiple questions persist regarding Ripple’s coming operations. The resolution of this case could allow Ripple to proceed with its initiated public offering, which they have been anticipating. Ripple faces an uncertain future when restarting institutional purchases of XRP.
Bill Morgan established that Ripple must proceed with legal steps that match court instructions so institutions can buy XRP again. The company needs to handle regulatory compliance procedures with maximum caution to prevent future legal barriers from developing. Ripple must fulfill all current court requirements as a prerequisite for operating smoothly without encountering new legal issues.
Attorney Fred Rispoli stated that the lawsuit extends to broader effects despite achieving its current outcome. Rispoli predicted the lawsuit would end when significant changes in cryptocurrency laws occur between 2028 and now. Rispoli predicted that Ripple and the entire crypto industry would encounter ongoing legal challenges because either a hostile government system or new heavy regulations affecting their legal position may emerge.
The large-profile lawsuit has extensive enduring impacts on the total cryptocurrency market. Relief from this legal matter will outline the regulatory approach toward digital assets in the upcoming years. All stakeholders, including investors, industry leaders, and regulatory bodies, follow the legal process outcome regarding the case because they seek official confirmation about the results for the entire crypto space.
