Ripple's legal struggle with the SEC reaches decisive phase before April 16

Ripple's legal struggle with the SEC reaches decisive phase before April 16

  • The lawyer Fred Rispoli sees a 90% chance of setting up or withdrawing.
  • Speculation about political timing in connection with changes in the second leadership.
  • The broader cryptom market lost $ 11.5 trillion, while XRP is faced with technical headwind.

of the almost four years of judge between Ripple Labs and the Securities and Exchange Commission quickly heads to a turning point.

An important period on April 16 could determine whether Ripple & rsquor; s appeal continues, a comparison or is being given up-a potentially decisive moment for XRP token and the wider US crypto regulation.

While the part of the SEC's victory in 2023 stated that Ripple violated in some transactions in some transactions, the remaining disputes reveal the classification of XRP and the legal precedent that could create such a decision.

Since the price of XRP has fallen almost 50% of its high in 2024, the markets prepare for effects.

April 16 is the deadline for ripple & rsquor; s appeal

Ripple must submit his letter of appeal until April 16, as part of his continuous contradiction to the challenge of the SEC of judge Analisa Torres in 2023.

This decision found that XRP was not a securities than was sold on public exchanges, but with institutional sales.

Rispoli , who has followed the legal dispute, there is only a 10% chance that Ripple continues with the submission of the letter.

Instead, Rispoli estimates a 90% probability that Ripple may achieve a comparison or the appeal is completely based on a private understanding between the parties.

He realizes that Ripple is not entitled to apply for a deadline extension, which means that specific development is expected on or before the Tuesday.

Rispoli & rsquor; s Theory is that a withdrawal or comparison could prevent a longer legal dispute, while the favorable judgment on retail sales is preserved.

ongoing speculation about a private agreement

The idea that Ripple and the SEC could work towards a confidential solution is not new.

On the social media platform X, members of the community referred to earlier statements from Ripple managers who indicated that the company has made an agreement with the SEC to de-escalate.

However, no public submission was made to confirm this. Rispoli made it clear that while such an agreement could exist, it could include “non-public, written assurances” from the regulatory authority-what effectively eliminates the need for a public explanation, unless a formal comparison is submitted to the court.

At this stage the docket remains unchanged.

A court retreat or a comparison announcement would be the first official sign that the case ends.

Political timing could influence the strategy

Some observers believe that the delay may not be just legal in nature.

Some have speculated that Ripple and the SEC may be waiting for the confirmation of a new SEC commissioner-Paul Atkins, who previously pleaded for a looser crypto regulation.

A comparison that is tailored to its appointment could serve both sides, especially with regard to public perception, without changing existing legal framework.

While Rispoli has neither confirmed nor denied this theory, the proposal adds a political dimension to the case.

if true, it could indicate that the authority and ripple coordinate a strategic break instead of simply preparing legal submissions.

XRP price under pressure in the middle of uncertainty

While the community observes the legal time frame, XRP has difficulty holding momentum.

The token has fallen almost 50% of its maximum in 2024, burdened by a general market weakness and the legal uncertainty about its status.

The broader crypto market has recently lost $ 11.5 trillion in value, and XRP remains one of the most affected major coins in terms of regulatory risks.

From a technical point of view, from a technical point of view, XRP shows signs of a bear pattern, whereby the price levels near the support zones linger and the volume decreases before the judicial period.

The result on April 16 could either rekindle the trust of the investors or further damage the sentiment if the appeal continues without clarity.

The contribution Ripple & RSquor; s Legal struggle with the SEC reached a critical phase before April 16 first appeared on Coinjournal.

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