XRP Lawsuit News: Analyst Opposes Case Dismissal, Seeks Clarity from SEC Instead

The ongoing Ripple case could be dismissed by the SEC, especially in light of recent shifts in political leadership. With the outcome of the election possibly influencing the SEC’s regulatory approach, there is growing speculation that the agency may adopt a more flexible stance on high-profile crypto lawsuits, including those involving Ripple, Coinbase, Binance and Kraken.

On the Good Morning Crypto Show, analyst Mickle shared that while he understands both sides of the argument, he wouldn’t want the case dismissed if he were part of Ripple’s team. He explained that Ripple has already invested a lot of time and money to gain clarity on crucial issues, and a dismissal would set them back to square one. Ripple is seeking answers on key matters, like whether institutional sales and ODL (On-Demand Liquidity) are permissible.

If he were in Ripple’s position, the analyst said he’d want the case to continue so they could get clear, actionable answers. The goal is to establish a framework that allows Ripple to operate confidently and avoid broad, uncertain crypto regulations that might not apply to their specific business.

Is Settlement The Best Option?

He also pointed out that if the case were dismissed, there would still be questions about whether it was dismissed “with prejudice” or “without prejudice.” A settlement, however, would resolve these issues and provide Ripple with the clarity they’ve been seeking all along.

The analyst further said that, for companies like Ripple or Coinbase, settling could be the best option. By paying a fine and agreeing to specific rules, Ripple could continue to operate within a clear regulatory framework. Mickle believes that finding a middle ground between Ripple and the SEC is possible, especially since Ripple has always wanted to comply with regulations. The problem arose when the SEC seemed determined to block their efforts.