After more than four years, the lawsuit between Ripple and the SEC seems to have concluded, but unresolved legal questions persist.
The End of a Long Legal Battle
The lawsuit between Ripple and the SEC appears to have reached its end. The SEC dropped its appeal, and Ripple CEO Brad Garlinghouse announced that the case is over. Despite this development, some legal experts believe that unresolved legal questions still linger.
Ripple's Appeal Options
Lawyer Jeremy Hogan suggested possible next steps. Ripple could appeal the $125 million fine or negotiate with the SEC to amend the judgment. Alternatively, the company might choose to pay the penalty and close this chapter.
The Dangers of Appealing
Attorney Fred Rispoli described the appeal as an unnecessary risk. He warned that it could harm the company's reputation and emphasized that federal legislation might eventually address the losses.
While the SEC has ceased its actions against Ripple, the legal situation remains complex, and the company must decide whether to continue the court battle or accept the judgment.
