Fred Rispoli Speaks Out as Speculation of Settlement Grows Amid SEC’s Silence in Ripple Case

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The lack of recent motions from the SEC in the ongoing lawsuit against Ripple has raised speculation about potential settlement talks. This unusual silence has caught the attention of legal expert and XRP supporter, Fred Rispoli. With the damages-related discovery phase set to end on February 12, Rispoli offers his insights into what may happen next.

Rispoli notes the absence of any filed SEC discovery motions as the SEC vs Ripple case unfolds. Given the typically confrontational nature of such litigation, this silence is noteworthy. As the February 12 deadline approaches, Rispoli considers two possible outcomes.

Rispoli speculates that the lack of SEC motions could indicate an unspoken agreement between Ripple and the SEC. This could potentially lead to a settlement after the review of the desired discovery, bringing an end to the prolonged legal saga.

Alternatively, if the SEC chooses a different path, Rispoli envisions a longer legal process. He anticipates the SEC obtaining its desired discovery, leading to a detailed damages briefing scheduled to conclude on April 29. A final ruling may emerge in the early summer, with potential consequences for the SEC considering their recent legal challenges.

While Rispoli hopes the SEC recognizes the obstacles Ripple presents, he also highlights the risks of this quiet phase. There is a possibility of a swift progression of the case, potentially escalating to the 2nd Circuit Court.

As the February 12 deadline approaches, the crypto community eagerly awaits the next developments in this legal battle. Currently, XRP is showing a 1.6% increase, trading at $0.5719. The trading volume has decreased by 18.5% in the last 24 hours, resulting in a total market cap of $30.9 billion, highlighting the ongoing uncertainty surrounding Ripple.