Involvement in Ongoing Legal Battle
In the ongoing legal battle between the Securities and Exchange Commission and Ripple, Ripple has submitted a court filing. This filing requests an extension for the deadline related to financial disclosure.
Fred Rispoli’s Analysis
Fred Rispoli, a legal expert and advocate for XRP, shared his thoughts on the latest development in the SEC vs. Ripple saga. He expressed his disappointment regarding the SEC’s persistence in the case. He was hoping that the commission would shift its focus elsewhere. Rispoli acknowledged the possibility of the SEC conceding after the final order on damages but hinted at an appeal.
Assessment of Ripple’s Strategy
Rispoli questioned Ripple’s decision to fight the discovery, suggesting that keeping it hidden could allow the SEC to pursue legal action against Ripple for post-complaint sales later. He emphasized the significance of the damages portion of the case and highlighted the SEC’s scrutiny of Ripple’s current operations following the Motion for Summary Judgment ruling. According to Rispoli, the SEC’s focus remains on restricting or eliminating Ripple’s institutional operations.
Hot Take
In this legal battle, Ripple faces high stakes, emphasizing the need for strategic maneuvering to navigate the regulatory challenges.
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