What’s Next?
You’ve heard that the SEC vs Ripple case has taken a U-turn, and rumors of a prolonged legal battle and huge fines now exist. However, theories about the outcomes continue. One expert has shown all seven possible scenarios that might change the present scenario.
7 Scenarios in Ripple Case, Which You Need to Know?
An XRP enthusiast named Ashley Prosper outlined seven possible scenarios for how the SEC v. Ripple lawsuit might conclude. The first scenario is that both parties could reach a settlement agreement, bringing an end to the prolonged legal dispute. The next is that the lawsuit might end if both parties accept the remedies ruling handed down by Judge Analisa Torres.
Additionally, the lawsuit could conclude in 2025 – 2026 if either party or both could appeal to the Second Circuit after the remedies phase, or it could drag into 2025 to 2028, depending on the legal proceedings and appeals process. As of now, the lawsuit is in the remedies phase, where the appropriate remedy for Ripple’s alleged securities law violations is being determined.
Hot Take
Pro XRP lawyer John Deaton has commented on the case outcome, calling the legal battle between Ripple and the SEC as “scorched Earth litigation,” suggesting a tough and drawn-out fight. Despite initial optimism, the lawsuit’s complexity suggests a long battle. The outcome may affect bitcoin regulation and compliance. If an appeal is filed, Deaton will file an amicus brief for regulatory clarification rather than damages. Stay tuned for more updates.
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