In the ongoing legal clash between Ripple and the Securities and Exchange Commission (SEC), Ripple has formally requested a short extension for its financial disclosure deadline. This comes in response to the SEC’s insistence on obtaining post-complaint contracts and financial statements from the past two years.
But is Ripple playing it safe or hiding something? Who will win in the end? Let’s dive deeper to understand the strategy here.
Legal expert and XRP advocate, Fred Rispoli, has weighed in on these developments. Using the X social media platform, Rispoli expressed his disappointment with the SEC’s steadfast pursuit of the case. He hopes for a change in the SEC’s focus but acknowledges the possibility of the SEC reconsidering its stance after the final damages order, expected around mid-summer.
Despite this, he hinted at the likelihood of the case being appealed, with an order from the 2nd Circuit Court not expected until mid-2026.
Also Read: Ripple Vs. SEC Lawsuit Could End In 7 Possible Ways
Rispoli delves into Ripple’s strategy, questioning their decision to resist the SEC’s discovery requests. He suggests that keeping certain details hidden might expose Ripple to post-complaint legal actions by the SEC.
Highlighting the crux of the matter, Rispoli emphasized the SEC’s scrutiny of Ripple’s ongoing operations following the Motion for Summary Judgment (MSJ) ruling. The SEC aims to restrict or eliminate Ripple’s institutional operations, and the upcoming briefing is expected to delve into how Ripple’s current activities differ from those targeted in the MSJ.
Rispoli underscores the high stakes for Ripple in this legal battle and emphasizes the need for strategic maneuvering to navigate the regulatory challenges ahead. Ripple finds itself at a critical juncture, requiring careful handling to withstand the pressures imposed by the SEC.
Read More: XRPL Under Scrutiny: Will New SEC Rules Cripple the AMM Launch?
Place your bets: who will crack first, Ripple or the SEC?
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