
SEC sources indicate the Ripple case is nearing conclusion, with XRP likely to be classified as a commodity and a significantly reduced fine.
The case's outcome will heavily influence future U.S. cryptocurrency regulations and market treatment of digital assets.
While a reduced fine is expected, the injunction limiting Ripple's XRP sales to U.S. institutions remains a key point of contention.
Andrew, a well-known voice in crypto, finance, and business, recently dropped an intriguing update on X. According to two SEC sources, the long-running Ripple case might finally be reaching its conclusion. But thatโs not all – there are some surprising twists that could change the way XRP is regulated and traded.
Could XRP soon be considered a commodity? Will Ripple get a reduced penalty?
Hereโs a breakdown of whatโs unfolding.
Will XRP Be Classified As A Commodity?
Andrewโs post suggests that XRP could be recognized more seriously as a commodity. If that happens, it would change its legal standing and how it is regulated in the market.
Another key point is that Rippleโs penalty may be much lower than initially expected. Reports indicate that the SECโs new leadership understands the caseโs significance and knows their decision will shape future crypto regulations.
Beyond Ripple, this case could set a precedent for the entire crypto industry. A favorable outcome might influence how other digital assets are regulated in the U.S., potentially leading to clearer and more balanced policies.
Legal Experts React: Hope, Skepticism, and Key Concerns
Attorney Fred Rispoli responded to Andrewโs post, sharing a unique perspective. He admitted that while he doesnโt trust Andrewโs sources when they report negative news about XRP, he does believe them when they share positive updates. Defending his stance, he said,
โThatโs not hypocrisy. Itโs unbridled hope,โ he quoted.ย
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Crypto lawyer Bill Morgan also commented, agreeing with parts of Andrewโs post but highlighting a major concern – the ongoing injunction against Ripple. While Judge Torresโ ruling suggests that XRP could be classified as a commodity, the injunction still restricts Ripple from selling XRP to U.S. institutions.
This creates uncertainty about its future market operations.
Previously, FOX Business journalist Eleanor Terrett had also hinted that the Ripple lawsuit could be ending soon. This comes as the SEC works to freeze or end legal actions against other crypto companies like Coinbase, Binance, Uniswap, and Consensys.
Rippleโs Biggest Challenge Yet
The crypto community has been closely watching this case. Yassin Mobarak, founder of Dizer Capital, weighed in, saying Ripple likely isnโt worried about the reported $125 million fine, as it can afford to pay it. However, he stressed that the real issue is the injunction, which blocks Ripple from selling XRP to institutional buyers. He believes Ripple is negotiating to have this restriction lifted.
The finish line is in sight, but whether it brings clarity or more legal battles remains to be seen.
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FAQs
Reports suggest the Ripple-SEC case is nearing resolution, with expectations of reduced fines and potential XRP classification as a commodity.
The case is expected to conclude on April 16, if Ripple wins against the SEC, XRP could reach $10 or higher. A prolonged case might keep prices around $5.81 in 2025 before further growth.