What Are Ripples Options After SEC Drops Appeal in XRP Case?
However, the cases outcome remains uncertain as Ripple now faces a decision: to continue or withdraw its own appeal.
Legal expert Jeremy Hogan highlighted that the SECs withdrawal doesnt necessarily mean Ripple will drop its appeal. If Ripple proceeds, the appellate court could rule on the need for formal investment contracts. If Ripple chooses not to appeal, the $125 million penalty and injunction imposed by Judge Torres could be the final ruling.
Attorney Fred Rispoli speculated that the SECs decision might signal a deal where Ripple agrees to drop its appeal in exchange for a reduced fine. He also pointed out that Ripple has leverage, as changes in legislation or legal interpretations could work in its favor.
With the SEC stepping back, Ripples next move will be crucial in determining the future of the lawsuit.
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Text source: Coindoo
