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๏ปฟAnjali Belgaumkar
๏ปฟAnjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โEnthusiastโ but trust me I'm getting there.
- Apr 10, 2025 02:26 UTC
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Ripple vs SEC: Pro-XRP Lawyer Says SEC May Officially Drop Appeal Before April 16
SEC may drop appeal in Ripple case as April 10 meeting looms; $75M refund deal could settle long-running XRP legal battle.
Legal expert says 90% chance Ripple-SEC case ends by April 16, signaling a major win for crypto and XRP investors.
The legal fight between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may finally be coming to an end. As confirmed by Ripple executives, the SEC has agreed to return $75 million of the $125 million fine Ripple was ordered to pay last year. That would leave Ripple with just a $50 million payment to settle the case. But hereโs the catch: the SEC hasnโt officially confirmed anything yet.
Big SEC Meeting Set for April 10
The SEC has a closed-door meeting scheduled for Thursday, April 10. This is expected to be very important because Rippleโs deadline to file its response in the appeal process is just days later โ on Wednesday, April 16.
If the SEC wants to withdraw its appeal about Rippleโs XRP sales, it will likely need to make that decision during this weekโs meeting. Otherwise, the case could continue in court.
Legal Expert Says Something Is Coming Soon
Attorney Fred Rispoli, who has been following the case closely, said that something will happen before or on April 16. He said thereโs a 90% chance the case will settle or the appeal will be withdrawn โ and only a 10% chance Ripple will actually have to file its legal brief.
When asked if the SEC had already agreed to end the case, Rispoli said the two sides had likely reached an agreement behind the scenes โ but the SEC hasnโt made anything public yet, which is standard for them.
Why This Matters
The appeal is about whether Rippleโs XRP sales on exchanges were illegal. A judge had ruled they were not securities โ a major win for Ripple and the crypto industry. If the SEC officially drops its appeal, it would be a big step toward ending the case for good.
Whatโs Next?
All eyes are now on the SECโs April 10 meeting. If the SEC acts, we could see the legal battle finally come to a close by April 16. Until then, Rippleโs fate โ and a key moment for crypto regulation โ is still in waiting.
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