XRP Lawsuit Update: Experts Reveal Top Outcomes from Ripple v. SEC Case

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 that’s 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?

Here’s a breakdown of what’s unfolding.

Will XRP Be Classified As A Commodity?

Andrew’s 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 Ripple’s penalty may be much lower than initially expected. Reports indicate that the SEC’s new leadership understands the case’s 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 Andrew’s post, sharing a unique perspective. He admitted that while he doesn’t trust Andrew’s sources when they report negative news about XRP, he does believe them when they share positive updates. Defending his stance, he said,

“That’s not hypocrisy. It’s unbridled hope,” he quoted. 

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Crypto lawyer Bill Morgan also commented, agreeing with parts of Andrew’s post but highlighting a major concern – the ongoing injunction against Ripple. While Judge Torres’ 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.

Ripple’s Biggest Challenge Yet

The crypto community has been closely watching this case. Yassin Mobarak, founder of Dizer Capital, weighed in, saying Ripple likely isn’t 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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