Attorney Fred Rispoli has suggested that the ongoing legal battle between Ripple and the SEC could conclude before April 16, 2025, sparking lively discussions within the crypto community.
Growing Signs of Case Dismissal
The SEC's actions in other cases suggest an imminent dismissal of the lawsuit against Ripple. The regulator has closed multiple investigations without actions, indicating the new administration's pro-crypto stance. Former White House Communications Director Anthony Scaramucci implied that the case against Ripple might already be withdrawn, though no official confirmation has been given.
Ex-SEC Official Observes Signs of Imminent Appeal Withdrawal
John Reed Stark, former SEC enforcement chief, noted developments that suggest the SEC may reconsider its appeal against Ripple. These include a shift in efforts to classify digital assets as securities, exemplified by dropping appeals concerning certain crypto firms. Internal changes, such as rebranding the 'crypto unit' to the 'cyber unit,' may also indicate shifting priorities.
Possible Resolution Timelines
Attorney Jeremy Hogan estimates that the Ripple-SEC case may conclude by May or the first half of April 2025. Fred Rispoli and Jeremy Hogan believe the case is too complex for straightforward dismissal due to the pending $125 million ruling. Market participants are closely monitoring the situation as the case progresses toward a resolution.
As the potential resolution of the Ripple vs SEC case approaches, the crypto market closely watches the developments, with possible regulatory shifts impacting the broader landscape.
