Attorney Fred Rispoli commented on the upcoming April 16 deadline in the SEC vs. Ripple litigation and outlined possible scenarios for outcomes.
Expectations by April 16
Attorney Fred Rispoli noted that April 16 is the deadline for Ripple's appellate brief submission. He assessed that there may not be any actions from the SEC before this date, which could significantly influence the case's outcome. According to him, Ripple could either file a brief, which he estimated has a 10% likelihood, or there will be a notice of settlement or withdrawal of the appeal, which has a 90% likelihood.
Rispoli Clarifies the Agreement
Initiating a discussion, another user inquired about a possible agreement to withdraw appeals. Rispoli clarified that while Ripple executives indicated an agreement had been reached, this was not confirmed by any official SEC statements. He mentioned that the agreement likely involved non-public, written assurances from the SEC.
No Confirmation from SEC
Rispoli emphasized that despite Ripple’s assertions, the SEC had not formally confirmed this information through legal channels. He pointed out that this is consistent with the SEC's standard practice of remaining quiet until official filings are made. Hence, no such documents currently exist in the appellate docket.
Currently, all attention is focused on April 16, when Ripple is either required to submit its appellate brief or publicly announce that the matter has been resolved outside the court.
