Analyzing the Calm Before the Storm: Fred Rispoli Assesses the Ripple Vs SEC Lawsuit

Fred Rispoli, a well-known legal expert and avid supporter of XRP, has provided insights into the SEC vs Ripple case, expressing surprise at the current lack of activity in the legal arena. Despite the historically confrontational nature of this litigation, Rispoli notes the absence of filed SEC discovery motions and speculates on two potential outcomes as the February 12 deadline approaches.

One possibility that Rispoli suggests is an unspoken agreement between Ripple and the SEC, which could pave the way for a settlement after the review of desired discovery. This could potentially bring an end to the prolonged legal saga.

However, if the SEC chooses a different route, Rispoli envisions a protracted legal drama. He anticipates a scenario where the SEC obtains the discovery it seeks, leading to a comprehensive damages briefing that is scheduled to conclude on April 29. A ruling could then be expected in early summer, with potential repercussions for the SEC, as their losses in court continue to mount.

While Rispoli hopes that the SEC acknowledges the challenges it faces against Ripple, he also highlights the potential negative aspect of the quiet period. This could mean a swift SEC move through the case, possibly resulting in an escalation to the 2nd Circuit.

Rispoli’s analysis revolves around the anticipation of either a peaceful resolution or a prolonged legal battle, each carrying its own implications for both Ripple and the SEC. As the February 12 deadline approaches, the crypto community anxiously awaits the next chapter in the SEC vs Ripple saga.

Currently, XRP is experiencing a 1.6% increase and is trading at $0.5719. Over the last 24 hours, there has been a notable decrease in trading volume by 18.5%, contributing to an overall market cap of $30.9 billion.