Ripple Vs SEC Lawsuit : SEC’s Silence in Ripple Case Spurs Settlement Rumours

Fred Rispoli, a respected legal expert and dedicated XRP supporter, comments on the ongoing SEC vs Ripple lawsuit. He’s intrigued by the current lack of activity in the legal proceedings. With the damages-related discovery phase ending on February 12, Rispoli offers insights into what might come next.

Is this the calm before the storm? Find out below.

What’s With SEC’s Silence?

As the SEC vs Ripple case unfolds, Rispoli notes the absence of any filed SEC discovery motions. Given the usually confrontational nature of such litigation, this silence is noteworthy. As the February 12 deadline nears, Rispoli considers two possible outcomes.

Rispoli speculates that the absence of SEC motions could suggest an unspoken agreement between Ripple and the SEC. This could pave the way for a settlement post the review of the desired discovery, potentially bringing a resolution to the prolonged legal saga.

What are the Potential Outcomes?

Rispoli suggests the SEC’s lack of motions might indicate a possible understanding between Ripple and the SEC. This could set the stage for a settlement after both parties review the forthcoming discovery, possibly concluding the prolonged legal matter.

Alternatively, if the SEC chooses a different path, Rispoli envisions a longer legal process. He anticipates the SEC obtaining its desired discovery, leading to a detailed damages briefing scheduled to end on April 29.

A final ruling might emerge in the early summer, with potential consequences for the SEC, considering their recent legal challenges.

Read More: Bill Morgan Clarifies Ripple’s $238M XRP Sales: Debunking the Dumping Myth

Balancing Hope and Caution

While Rispoli hopes the SEC recognizes the obstacles Ripple presents, he also points out the risks of this quiet phase: a swift progression of the case, potentially escalating to the 2nd Circuit Court.

…And the Wait Continues

Rispoli’s assessment focuses on either a settlement or an extended legal dispute, each with implications for Ripple and the SEC. As the February 12 deadline approaches, the crypto community watches closely for the next developments in this legal battle.

Currently, XRP shows a 1.6% increase, trading at $0.5719. Over the last 24 hours, trading volume decreased by 18.5%, resulting in a total market cap of $30.9 billion, highlighting the ongoing uncertainty surrounding Ripple.