Fred Rispoli, an XRP legal expert, has shared insights into the ongoing legal battle between the Securities and Exchange Commission (SEC) and Ripple, noting an unusual quiet period as the next deadline approaches. Rispoli speculates on potential outcomes, considering the historical contentious nature of the case.
Rispoli points out the lack of recent discovery motions from the SEC, especially as the discovery phase related to XRP sales is set to end on February 12. This silence could indicate a surprising softening between the SEC and Ripple, suggesting that both parties might be “playing it well.”
Considering the critical juncture of legal proceedings, Rispoli outlines two possible outcomes: a settlement between the SEC and Ripple or a protracted legal battle. He suggests that a settlement would be strategically prudent for the Commission, given their recent court losses.
Rispoli believes that if the SEC opts for a settlement, they may have to accept a lower amount than their initial claims, which reportedly sought over $700 million from Ripple for alleged securities law violations.
Given Ripple’s strong position and previous legal victories, Rispoli draws parallels with the LBRY case, suggesting Ripple could expect a court-ordered compensation lower than the SEC’s demand. He advises the SEC to consider a settlement to avoid potential setbacks in a prolonged legal conflict.