Lawyer Clarifies Possible SEC Ruling As Ripple Enters Final Days Of Legal Battle

The lawyer gave details in this regard court decision to come from the United States Securities and Exchange Commission (SEC) regarding its case against Ripple. Since i legal battle finally seems to be nearing its end, the lawyer has explained how possible judgments can affect the reputation of Ripple and the operation of digital assets in the United States (US).

Ripple’s upcoming SEC rulings

Fred Rispoli, founder of the HODL rule, was recently featured in YouTube video hosted on the Thinking Crypto podcast, by Tony Edward. When asked that judgment against Ripple will include penalties for institutional sales of XRP, Rispoli confirmed that Ripple will indeed be authorized to pay a specified amount in fines.

He revealed that the penalty will not be as severe as that The SEC’s first $2 billion fine by selling XRP to institutional investors. However, he also admitted that the $2 billion fine would be challenging and dangerous for the crypto company but not kill the company.

Rispoli predicted that SEC Decision it will likely be less than $25 million, subject to a penalty on the contrary release. He added that the most important of the upcoming judgment will be Ripple’s order and possible restrictions placed on the company. According to the lawyer, these legal terms will be of great importance Future activities of Ripple and financial interests.

The creator of the HODL law also revealed that the SEC wants a “broad sweeping order” for Ripple. He stressed that the regulator wrote their proposed order last year, to limit his ability to carry out any activities that can be controlled remotely such as unregistered securities activities.

However, Rispoli revealed that the Judge will likely avoid any new charges the SEC presents without charges. He stressed that when a government agency like the US SEC is involved in a case it usually has 60 days file a notice of revision instead of the usual 30 days. Once Ripple’s ruling is upheld, the SEC will have exactly 60 days to decide whether to appeal.

Implications for the Future of Legal Warfare

While addressing the outcome of the legal case between Ripple and the SEC, Rispoli revealed that Ripple may push their careers outside the US if the result of the case becomes dangerous. He emphasized that this will be a big blow to the US economy, given the company’s status as a leading crypto payment company and its future goals of becoming a global alternative. SWIFT network.

He also revealed that Ripple’s plans for an initial public offering (IPO) could be blocked or delayed by the SEC. In addition, the company stablecoin launch in the future it can be seen as a guarantee, if considered The SEC’s anti-crypto stance.

The featured image was created with Dall.E, a chart from Tradingview.com