XRP Lawyer Gives Insights on SEC Appeal: Key Points
Pro-XRP lawyer Fred Rispoli recently shared his insights on the SEC’s recent appeal in an interview on Thinking Crypto’s YouTube channel. Here are the key points from his analysis:
- The appeal’s briefing schedule may last two to three months, with completion expected by early 2024.
- Labeling XRP as not a security does not guarantee immunity from future claims.
- Rispoli leans towards denial of the appeal, with a 70-80% chance of approval if Ripple supports it and a 60-70% chance of denial if Ripple opposes it.
- Overturning programmatic sales could lead to additional trial proceedings and potentially impact the trial’s duration.
- The court could consolidate matters for a streamlined appeal in the future.
Hot Take: Rispoli’s Insights on XRP Appeal
Fred Rispoli’s analysis provides valuable insights into the potential outcomes and timeline of the SEC’s appeal regarding XRP. As the XRP community closely follows the legal proceedings, the implications for Ripple and the broader cryptocurrency landscape continue to unfold.
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