- Ripple may retain the legal victory until 2026 which may offer some certainty for the organization and its clients.
- The potential appeal of the SEC is considered less dangerous, and Ripple currently has a court decision to shield it.
- Future federal legislation can also change the current legal landscape before the SEC lawsuit finishes.
Ripple’s legal battle with the SEC may remain intact until 2026, with a delayed decision potentially allowing institutional partners to continue using the XRP token without significant disruption.Rispoli has pointed out that the trial court’s favorable ruling provides ample protection for Ripple and its partners.
To those freaking out over possible #SECvRipple appeal: Don’t. There won’t be a ruling until 2026. SEC suing exchanges and alleging multiple tokens as securities has lessened the sting dramatically. If Ripple and/or #XRP don’t make it now, it’s not because of the SEC’s case.
— Fred Rispoli (@freddyriz) September 5, 2024
He believes that the possibility of an SEC appeal has “lessened the sting” for the company. As the SEC has turned its focus toward suing exchanges and alleging several tokens as unregistered securities, the pressure on Ripple has seemingly diminished. Rispoli emphasized that if Ripple or XRP faces difficulties moving forward, it would not be because of the SEC case alone.
SEC’s Appeal Decision Still Unclear
While Rispoli seems confident in Ripple’s current standing, another legal expert, Jeremy Hogan, notes that the SEC has yet to officially decide whether it will appeal the ruling. Hogan estimates a 60% chance of the SEC appealing, though he acknowledges that any appeal could “backfire.” He argues that the SEC operates differently than most litigants, making its actions somewhat unpredictable.
Institutional Partners Unaffected by Appeal
One of the key points raised by Rispoli is the security provided by the current court ruling, which has granted “plenty of cover” for Ripple’s institutional partners. This protection allows these companies to continue their use of XRP, even as the potential for an appeal looms. The appeal process, however, would not alter the status quo until at least 2026, giving Ripple and its partners a sense of stability in the near term.
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Rispoli also suggested that federal legislation may soon override the SEC’s lawsuit entirely. As Congress debates new regulatory frameworks for the cryptocurrency sector, the potential for new laws could reshape the landscape before the SEC’s case reaches a conclusion.Ultimately,
Ripple’s legal victory remains intact, and even if the SEC appeals, the ruling will likely hold until at least 2026. The current legal environment, coupled with possible federal legislation, positions Ripple favorably for the foreseeable future.
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