Legal Expert Outlines Timeline for 100% Resolution of Ripple V SEC Lawsuit
Founder of Hodl Law Fred Rispoli outlines a clear path and possible timeline for the full resolution of the SEC v. Ripple lawsuit. Although the SEC and Ripple have agreed to drop their respective appeals against each other, the multi-year lawsuit has not been fully resolved. Some issues, specifically relating to Judge Analisa Torres final ruling, still need to be addressed to resolve the lawsuit. While the SEC agreed to drop its appeal without condition, Ripples decision to dismiss its cross-appeal was conditional. Notably, it involves Ripple paying the SEC a fine of $50 million instead of the $125 million order, with the regulator also asking Judge Torres to lift the permanent injunction imposed on future institutional XRP sales.Path and Timeline for Resolution Earlier, Ripple CLO Stuart Alderoty disclosed the remaining requirements to finalize the lawsuit's resolution, such as the commissions vote, the drafting of the final documents, and court processes.Drafting of Final Documents Following this announcement, Attorney Rispoli asserted that the parties had already prepared the final documents. This indicates that the process of finalizing the resolution of the Ripple lawsuit has already commenced.Commissions Vote The legal expert noted that the next step is for SEC commissioners to vote on the decision to officially drop the appeal. The crypto community expected this vote to happen yesterday, March 27, at its closed-door meeting. However, it did not occur as expected. Attorney Rispoli predicted that the commissioners would vote and approve the decision within 30 days of his tweet.Filing of Motion for Injunction Dismissal After the vote, the lawyer expects the SEC to file a motion to Judge Torres requesting the lifting of the injunction. He does not expect Ripple to oppose the motion, making the process easier. According to Rispoli, Judge Torres will grant the request in less than 30 days after the SEC files the motion. Overall, Attorney Rispoli expects the Ripple case to be fully resolved within 60 days or two months of his tweet.Since he made the post on March 25, this indicates Rispoli expects a 100% resolution of the Ripple lawsuit on or before May 24, 2025. In the meantime, the SEC has not issued a statement confirming its plans to drop its appeal against Ripple. Some experts, like Eleanor Terrett, believe that the SEC will issue a statement after its commissioners vote on the appeal dismissal decision.
Text source: The Crypto Basic
