The situation regarding the Ripple vs SEC case continues to evolve, and lawyer Fred Rispoli shares his analysis of current events and potential outcomes.
Overview of the Ripple vs SEC Case
The Ripple vs SEC case has been ongoing for years, and recent changes in the commission's leadership have not altered the approach to the case. The SEC remains resolute in its stance, which may lead to the possibility of a settlement.
Fred Rispoli's Insights on Current Situation
According to Rispoli, the SEC and Ripple are likely to reach a settlement regarding a reduced penalty of around $50 million. He noted that Judge Torres continues to uphold the previous ruling on a permanent injunction.
Future Steps for Ripple
Rispoli believes that future actions will depend on how the SEC decides to enforce the injunction. He also emphasized that Ripple may need to seek waivers or exemptions from the SEC for further market actions.
Thus, the conflict between Ripple and the SEC remains relevant, with both parties seemingly preparing for a resolution through a settlement, while significant changes in the commission's stance are not expected.
