Attorney Fred Rispoli has downplayed concerns about the Securities and Exchange Commission (SEC) potentially appealing the court’s decision in the Ripple lawsuit, suggesting that any ruling on the appeal may not emerge until 2026. Rispoli’s remarks aim to mitigate anxiety among XRP holders, noting that the appeal’s impact on XRP’s price will likely be minimal.
Rispoli argues that the SEC’s recent legal actions against various exchanges and its ongoing securities allegations have diminished the weight of the appeal. He also highlights that Ripple or XRP’s future challenges will not be solely due to the SEC appeal, indicating that other factors will significantly influence the company’s trajectory.
Ripple’s Request for Stay on $125 Million Penalty
Amid the legal proceedings, Ripple has requested a stay order on a $125 million penalty payment to the SEC. Rispoli’s comments suggest that even with the SEC’s potential appeal, the XRP price action will remain largely unaffected by the Ripple vs. SEC lawsuit.
The recent arrangement includes a trust holding 111% of the monetary judgment, with funds released to the SEC either 30 days after the appeal deadline or once the appeal process concludes. This setup aims to manage the financial aspects of the ongoing litigation while awaiting further judicial decisions.
XRP Price Stagnates Despite Positive Ripple Announcements
Despite Ripple’s recent announcements—including the introduction of smart contract capabilities to the XRP Ledger (XRPL) and the forthcoming launch of its USD-pegged stablecoin, RLUSD—XRP’s price has remained relatively stagnant. The cryptocurrency continues to hover around the $0.5535 mark, reflecting a 3.5% decrease over the past week.
Attorney Bill Morgan has also noted the minimal effect of Ripple’s advancements on XRP’s price. Morgan questioned the relevance of the Howey test in determining whether investors could reasonably expect profits from Ripple’s efforts, given the evolving context over recent years.
Analysts are observing a rise in XRP short positions, with predictions of a potential additional 15% decline from current levels. Despite significant developments within Ripple, the XRP price has shown little movement, suggesting that market sentiment and external factors may be playing a more substantial role in its price dynamics.
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