{"id":34071,"date":"2025-06-27T14:31:50","date_gmt":"2025-06-27T14:31:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34071"},"modified":"2025-06-27T14:31:50","modified_gmt":"2025-06-27T14:31:50","slug":"xrp-lawsuit-after-torres-says-no-lawyer-predicts-when-its-over","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34071","title":{"rendered":"XRP Lawsuit: After Torres Says No, Lawyer Predicts When It\u2019s Over"},"content":{"rendered":"
\n

Following Judge Analisa Torres\u2019 June 26 denial of Ripple and the SEC\u2019s joint motion for an indicative ruling, crypto attorney Fred Rispoli has delivered a blistering breakdown of the legal and political dynamics behind the decision\u2014and issued a clear prediction on when the XRP lawsuit may finally conclude.<\/p>\n

Rispoli, founder of Hodl Law and one of the most outspoken legal voices in the XRP community, wasted no time analyzing the ruling<\/a>, which rejected both parties\u2019 efforts to modify the court\u2019s final judgment and resolve the long-running case at the appellate level.<\/p>\n

XRP Lawsuit Shaken By Denial<\/h2>\n

\u201cI thought Judge Torres would grant the first motion,\u201d Rispoli wrote in a lengthy post on X, \u201crecognizing that the anti-crypto war of the Gensler Era<\/a> was political animus and that the agency was moving in a different direction under new leadership.\u201d But Torres, he said, \u201cchose not to,\u201d and \u201cthere was zero obstacle to her granting the motion and moving on.\u201d<\/p>\n

In his view, the refusal was less about legal deficiency and more about institutional frustration or political motivation. \u201cThere are only two reasons for this,\u201d Rispoli argued. \u201cOne, she was pissed that the parties wasted 4.5 years of her time with bitter litigation\u2026 Two, she is hostile to the Trump administration and will do what she can to throw up obstacles.\u201d<\/p>\n

Rispoli\u2019s analysis extended sharply to the SEC\u2019s failure to support the motion with official testimony that could have helped the court reconsider its prior findings of reckless conduct by Ripple. Citing pages 3 and 4 of Torres\u2019 order, Rispoli pointed out that \u201cthe ruling parrot[s] back the SEC\u2019s own words of how egregious, dangerous, and reckless the SEC believed Ripple to be and why a $1 BILLION fine was necessary.\u201d<\/p>\n

He emphasized that nothing in the SEC\u2019s submission countered those prior statements with institutional acknowledgment of past errors. \u201cI said that the second motion had to have some actual testimony by SEC Commissioners,\u201d he wrote, imagining declarations such as: \u201cI, Commissioner Peirce<\/a>, voted against this ridiculous lawsuit because it was a waste of our enforcement resources,\u201d or \u201cI, Commissioner Atkins<\/a>\u2026 determined the SEC enforcement division under the prior administration acted arbitrarily, capriciously and often with bad faith.\u201d<\/p>\n

None of that materialized. \u201cThis obviously did not happen,\u201d Rispoli said, and offered two possible explanations. \u201c(1) Ripple and the SEC did not discuss this necessity\u2026 (2) Ripple did ask and the SEC said, \u2018We are not making ourselves look like idiot assholes. This crappy motion on SEC letterhead is the best I can offer.\u2019\u201d<\/p>\n

He concluded that the second explanation is most likely, and said the SEC\u2019s institutional behavior remains unchanged. \u201cThe SEC is going to do what it has done for decades: protect its own regardless of the administration in charge or detriment to the public.\u201d<\/p>\n

That belief fuels Rispoli\u2019s broader frustration with US regulatory governance. \u201cIf you ever want to know the types of pieces of shit that sit atop the SEC, type into your browser \u2018david aguirre sec whistleblower\u2019 and read up\u2026 I sue .gov agencies all the time for despicable behavior\u2026 This is the reason I am so invested in crypto\u2014to opt out of our crumbling system.\u201d<\/p>\n

When Will The XRP Lawsuit End?<\/h2>\n

Looking ahead, Rispoli remains convinced that a settlement is coming soon. Responding to a reader who asked when the saga might finally end, Rispoli gave two scenarios for the August status update due to the Second Circuit: either the parties ask to resume the appeal, or they declare it settled.<\/p>\n

\u201cIn that scenario, case doesn\u2019t end until late 2026\/early 2027,\u201d he said of a revived appeal. But that\u2019s not the outcome he expects. \u201cI think we see (2) happen and get that announcement end of July\/early August of this year.\u201d<\/p>\n

As for the implications of the court\u2019s existing injunction against Ripple\u2019s institutional XRP sales, Rispoli minimized its real-world effect. \u201cIt doesn\u2019t affect $XRP on the secondary markets nor will it impact XRP ETF approvals,\u201d he explained. While Torres technically retains authority to enforce it, Rispoli added, \u201cThe injunction only substantively matters if the SEC wants it to matter.\u201d<\/p>\n

He also noted that Ripple appears to be preparing to move forward under mutually tolerable terms. \u201cIf you look at the @s_alderoty post on this ruling from today,\u201d Rispoli observed, \u201che used the term \u2018historic institutional sales\u2019 to describe the Torres-determined-bad-behavior. This signals to me that the parties are going to settle and move on with the understanding that XRP sales to institutions will be done in a way the SEC can live with.\u201d<\/p>\n

Though Judge Torres\u2019 refusal to accommodate the proposed resolution was a procedural blow, Rispoli believes it will prove to be the final flashpoint in a case that is now headed toward closure. \u201cThe parties will drop their appeals, settle at $50M and move on with the injunction in place,\u201d he wrote.<\/p>\n

If his forecast is right, the XRP community could be less than six weeks away from the end of one of the most consequential enforcement actions in crypto history.<\/p>\n

At press time, XRP traded at $2.099.<\/p>\n

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

Following Judge Analisa Torres\u2019 June 26 denial of Ripple and the SEC\u2019s joint motion for an indicative ruling, crypto attorney Fred Rispoli has delivered a blistering breakdown of the legal and political dynamics behind the decision\u2014and issued a clear prediction on when the XRP lawsuit may finally conclude. Rispoli, founder of Hodl Law and one […]<\/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-34071","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\/34071","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=34071"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34071\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}