{"id":18457,"date":"2025-03-21T13:02:22","date_gmt":"2025-03-21T13:02:22","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18457"},"modified":"2025-03-21T13:02:22","modified_gmt":"2025-03-21T13:02:22","slug":"xrp-lawsuit-update-lawyers-outline-whats-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18457","title":{"rendered":"XRP Lawsuit Update: Lawyers Outline What\u2019s Next"},"content":{"rendered":"
\n

Ripple CEO Brad Garlinghouse announced<\/a> yesterday that the US Securities and Exchange Commission (SEC) will drop its appeal against the company in the XRP lawsuit. However, the lawsuit\u2019s ultimate conclusion remains uncertain, as the next move largely hinges on Ripple\u2019s decision to either continue or withdraw its own appeal.<\/p>\n

What\u2019s Next in The XRP Lawsuit?<\/h2>\n

Lawyer Jeremy Hogan took to X to shed light on the ramifications, noting: \u201cThe SEC has apparently dropped its appeal, but we don\u2019t know if Ripple agreed to the same.\u201d<\/p>\n

Hogan explained that Judge Analisa Torres\u2019s ruling stands as the maximum negative outcome Ripple currently faces\u2014namely a $125 million penalty plus an injunction. Unless Ripple continues its appeal<\/a>, that judgment appears to be the baseline.<\/p>\n

Hogan then laid out four potential scenarios: First, Ripple can continue its appeal, leading to a ruling from an appellate court on whether \u201cinvestment contracts\u201d require formal contracts. Second, Ripple can opt to drop its appeal and jurisdiction returns to the trial court, where both parties could attempt to amend the judgment.<\/p>\n

Third, Ripple could drop its appeal and both parties enter into a private agreement without modifying the judgment. Lastly, Ripple could simply pay the $125 million and moves on. Summarizing the situation, Hogan remarked: \u201cThere are 4 possibilities left\u2026 That\u2019s all folks!\u201d<\/p>\n

Another pro-XRP attorney, Fred Rispoli, also shared his perspective via X, expressing surprise that the SEC did not condition the dropping of its appeal on Ripple doing the same: \u201cWow! I cannot believe the SEC did not tie dropping its appeal to Ripple also dropping its appeal. Best explanation is that the agreement has already been made for Ripple to drop its appeal in exchange for a significantly reduced fine.\u201d<\/p>\n

Rispoli suggested that without the SEC\u2019s appeal in play, Ripple now has considerable leverage. In his view, continuing the appeal may be an \u201cunnecessary gamble,\u201d citing three main reasons: The US Court of Appeals for the Second Circuit \u201ccan rule against Ripple.\u201d Moreover, potential \u201cfederal legislation\u201d could change the legal landscape, offsetting Ripple\u2019s earlier loss. Also, Ripple has asserted that it no longer engages in the specific activities deemed illegal.<\/p>\n

Moreover, Rispoli pointed out the strategic element of retaining the appeal for negotiation: \u201cMaintaining it for now IS the legal \u2018consideration\u2019 that would sufficiently justify reducing $125M penalty<\/a> in exchange for dropping appeal.\u201d<\/p>\n

Overall, with the SEC having dismissed its appeal, eyes now turn to Ripple\u2019s counsel and executives.<\/p>\n

At press time, XRP traded at $2.49.<\/p>\n

\"XRP<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple CEO Brad Garlinghouse announced yesterday that the US Securities and Exchange Commission (SEC) will drop its appeal against the company in the XRP lawsuit. However, the lawsuit\u2019s ultimate conclusion remains uncertain, as the next move largely hinges on Ripple\u2019s decision to either continue or withdraw its own appeal. What\u2019s Next in The XRP Lawsuit? […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-18457","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18457"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18457\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}