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The ongoing legal battle between Ripple 
$2 and the SEC has regained attention in the cryptocurrency world following recent developments. The SEC’s withdrawal of some of its objections in the case and its rapid progression in similar lawsuits have increased positive expectations within the XRP community. Legal experts predict that the case could conclude in as little as two months. However, the relevance of the case files and inconsistencies in statements add uncertainty to the process.
SEC’s New Stance Sparks Hope
The SEC’s decision to retract some objections in its lawsuit against Ripple has been met with optimism by XRP investors and the cryptocurrency community. Previous swift actions in similar cases bolster the likelihood of a comparable process for XRP. Notably, recent comments suggest a visible softening of the SEC’s stance toward cryptocurrency companies.
Another opinion frequently voiced within the XRP community is that the SEC might delay its official announcement until August. This theory gained traction following a statement by a prominent XRP advocate, Brett, who asserted that an official announcement would not occur soon and that the community should wait until August 7. However, this claim has been dismissed by some legal experts, including former SEC official Marc Fagel, who stated that Brett’s remarks are both incorrect and outdated.
When Will the Case Conclude?
One of the most concrete comments regarding the case timeline comes from legal advisor Fred Rispoli. According to Rispoli, Ripple has gathered the necessary documents, and following the SEC’s vote expected within 30 days, the process could be completed in no more than two months. This prediction has fostered an optimistic atmosphere among investors while shaping expectations about the timing of the final decision.
Fox Business reporter Eleanor Terrett noted that the court may issue a decision on additional motions before the case concludes, potentially adding a new turning point to the timeline. Moreover, some commentators suggest that part of the documentation presented by Ripple may have become outdated, opening the door for new objections from the SEC.
Despite positive developments for Ripple, factors that will ultimately determine the case’s direction remain in the court’s hands. Specifically, the validity of the filings, the content of the documents, and the actions taken by the SEC after the vote could directly influence the final outcome. The XRP side, meanwhile, is eager for a swift resolution and an end to regulatory uncertainty.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
