Pro-XRP Lawyer Predicts 40% Win Chance for Ripple-SEC Case! 🚀

An in-depth analysis sheds light on the SEC’s motion against Ripple.

In a recent development between Ripple Labs and the SEC, the regulatory agency has taken a significant step forward by submitting a Motion for Remedies and Entry of Final Judgment, seeking a $2 billion penalty against Ripple.

Insights into SEC’s Allegations

Fred Rispoli, a prominent XRP supporter and founder of HODL Law, has analyzed the SEC’s motion and shared his expert views on the matter. Here are some key takeaways:

Ripple allegedly offered significant XRP sales discounts to select institutional buyers, as per the SEC’s claims.
The SEC contends that these preferential discounts may have impacted institutional and retail investors negatively.

The Underlying Concerns

Rispoli pointed out that the SEC’s tactical move aims to demonstrate how investors were potentially harmed by Ripple’s practices. He also expressed worries about the repercussions of such actions, particularly in favor of certain institutional buyers.

Ripple’s Revenue Dependency

Another critical aspect highlighted by Rispoli is the SEC’s scrutiny of Ripple’s ongoing XRP sales as its primary income source despite legal challenges. The document also reveals that Ripple continues to sign contracts with institutional buyers despite the ongoing lawsuit.

Anticipated Outcomes by a Pro-XRP Legal Expert

Rispoli’s analysis extends to the classification of Ripple’s On-Demand Liquidity (ODL) transactions and their legality. He predicts two possible outcomes post the SEC’s motion:

A scenario where Ripple reaches a settlement with the SEC after the court order, with an estimated 40% likelihood as per Rispoli.
An alternative where Ripple may have to appeal the ruling depending on the court’s decision on the amount owed and the future sales restrictions.

Final Thoughts and Market Update

As this legal battle unfolds, XRP is currently trading at $0.63. The future of Ripple and the implications of the SEC’s motion remain uncertain, with various possibilities in play for the crypto community.