Attorney Fred Rispoli commented on Ripple Labs' new supplemental filing submitted on June 17, regarding its litigation with the SEC. The document addresses important aspects of the ongoing case.
Overview of Ripple Labs' Supplemental Filing
Rispoli concluded that Ripple Labs' new filing was a necessary step to address significant gaps in the court case. The document highlights three key issues related to the current legal process.
Rispoli on Legal Risks
Rispoli noted that Ripple has now formally acknowledged that the district court’s ruling is not the final word. This recognition may help mitigate 'appellate risk', suggesting that future rulings by higher courts could influence the outcome of the case.
Ripple's Position Regarding the SEC
Rispoli also emphasized that Ripple highlighted its unique targeting by the SEC before the agency's broader enforcement campaign began. The company aims to align its settlement terms with other industry participants who have already resolved their disputes.
Although Rispoli expressed some skepticism regarding the strength of Ripple's arguments, he noted that the filing may influence the court's approach in resolving the case. He remains optimistic that Ripple’s efforts to formally address these legal issues could move the process toward closure.
