{"id":53182,"date":"2025-03-20T10:53:22","date_gmt":"2025-03-20T10:53:22","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=53182"},"modified":"2025-03-20T10:53:22","modified_gmt":"2025-03-20T10:53:22","slug":"ripple-v-sec-is-the-lawsuit-really-over-or-is-there-more-to-the-story","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=53182","title":{"rendered":"Ripple v. SEC: Is the Lawsuit Really Over, or Is There More to the Story?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

The SEC dropped its appeal, seemingly marking the end of its lawsuit against Ripple, though certain legal matters remain unresolved.<\/p>\n

Lawyers debate whether Ripple should appeal its $125M fine, with some warning it could be a risky move.<\/p>\n

<\/a><\/span><\/h2>\n

Was This The End?<\/h2>\n

After more than four years of\u00a0court battles, countless rulings, and developments, the lawsuit between Ripple and the US Securities and Exchange Commission (SEC) has finally reached its conclusion. The company\u2019s CEO, Brad Garlinghouse,\u00a0announced<\/a> the breaking news,<\/span>\u00a0stating that the agency has dropped its appeal, which means the case \u201chas ended and it\u2019s over.\u201d\u00a0<\/span><\/p>\n

The disclosure triggered <\/span>huge<\/span> excitement across the XRP army, and many X users started celebrating the victory. <\/span>However, some legal experts noted that the lawsuit has technically not yet been concluded<\/span>.<\/span><\/p>\n

The US lawyer Jeremy Hogan (who has been following the case\u2019s development over the past few years) <\/span>suggested<\/span><\/a> the \u201cbad stuff\u201d is over, but Ripple can now prolong the battle <\/span>in different ways<\/span>.<\/span><\/p>\n

He pointed out the $125 million fine that Judge Torres ordered<\/a> on the company last year for violating <\/span>certain<\/span> securities laws. According to Hogan, there are four possible scenarios from here on.<\/span><\/p>\n

First, he thinks Ripple can continue its appeal to the penalty and \u201cget a ruling from an appellate court on whether investment contracts require contracts.\u201d Second, the firm might agree to drop its appeal, and <\/span>then<\/span> both parties could try to amend the judgment.<\/span><\/p>\n

The third option includes the two sides entering a mutual agreement without attempting to change Judge Torres\u2019 ruling. <\/span>Lastly,<\/span> Hogan believes Ripple might decide to pay the multi-million fine \u201cand move on.\u201d<\/span><\/p>\n

The Appeal Seems Like an \u2018Unnecessary Gamble\u2019<\/span><\/h2>\n

Another popular attorney who touched upon the matter was Fred Rispoli. He <\/span>described<\/span><\/a> Ripple\u2019s potential appeal as an \u201cunnecessary gamble\u201d for three important reasons.\u00a0<\/span><\/p>\n

First, the US Court of Appeals for the Second Circuit can rule against the company, which could cause <\/span>serious<\/span> reputational damage. He also believes that federal legislation \u201ccan essentially erase the loss.\u201d<\/span><\/p>\n

Last but not least, Rispoli claimed that Ripple has already claimed that its operations did not engage in any <\/span>of the activities that were previously deemed illegal<\/span>.<\/span>\u00a0<\/span><\/p>\n

\u201c<\/span>But:<\/span> Maintaining it for now IS the legal \u201cconsideration\u201d that would sufficiently justify reducing<\/span> $<\/span>125M penalty in <\/span>exchanging<\/span> for dropping <\/span>appeal<\/span>,\u201d he added.<\/span><\/p>\n

The post Ripple v. SEC: Is the Lawsuit Really Over, or Is There More to the Story?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The SEC dropped its appeal, seemingly marking the end of its lawsuit against Ripple, though certain legal matters remain unresolved. Lawyers debate whether Ripple should appeal its $125M fine, with some warning it could be a risky move. Was This The End? After more than four years of\u00a0court battles, countless rulings, and developments, the […]<\/p>\n","protected":false},"author":0,"featured_media":53183,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-53182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53182"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=53182"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/53182\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/53183"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=53182"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=53182"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=53182"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}