The SEC vs. Ripple Trial: Will It Happen?
The upcoming battle between the SEC and Ripple is the talk of the crypto world. Experts are trying to guess what will happen next. Even though there’s been a basic decision already, Ripple’s top guys, Brad Garlinghouse and Chris Larsen, are still heading to a trial with a jury. But there’s been a new development – will the case even make it to court? Read on.
Fred Rispoli Weighs In
Esteemed attorney Fred Rispoli has emerged as a major voice predicting the trial’s non-occurrence. Rispoli’s rationale paints a broader picture of what’s at stake and why the SEC might avoid such a confrontation.
The Lawyer’s Reasons
- Potential Backfires in Court: The prospect of putting figures like Hinman and Clayton from the SEC on the witness stand, especially in the politically charged environment of New York, presents significant risks. The possible associations to the “Trump Administration” could unfavorably sway the jury.
- Recklessness Claims: The SEC’s accusation of recklessness in Ripple’s institutional sales might not hold water, considering the broader acceptance of programmatic sales in the industry.
- Evidence Gaps: Distinguishing domestic from international sales poses a challenge, as the evidence supporting the SEC’s claims on this front appears fragile.
- Trial Team Reshuffling: Recently, the SEC underwent a major overhaul of its trial team, which could hint at internal issues or lack of preparation.
- A Hectic Schedule: With a tight sequence of trials for the SEC leading up to the Ripple case, there’s a question of whether they’ll be fully prepared.
Hot Take
Will the SEC vs. Ripple trial happen? Based on attorney Fred Rispoli’s analysis, it seems unlikely. Rispoli points out several weaknesses in the SEC’s position, including potential backfires in court, weak accusations of recklessness, evidence gaps, trial team reshuffling, and a hectic schedule for the SEC. If the SEC’s gamble fails, the aftermath will undoubtedly be intriguing.
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