Updates and Analysis on Ripple Vs SEC Lawsuit: Anticipation for Final Ruling and Potential Appeals

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has reached a crucial phase as Judge Torres deliberates on a final ruling over penalties and injunction in the remedies phase. With reviews of potential appeals by both parties, the XRP army and lawyers are eagerly anticipating a decision in the lawsuit, now expected in August after July nearly ends without any progress.

Experts have weighed in on the possibility of appeals in the Ripple Vs SEC case, with many considering Ripple’s multiple wins as making it the weakest case for the SEC. Despite this, lawyers have indicated that both parties could still file appeals against previous decisions.

Various motions, including expert evidence, unseal documents, and final judgment, are pending before Judge Analisa Torres and Judge Sarah Netburn. Some lawyers believe that Judge Torres could bypass motions before Judge Netburn and announce a final judgment in the remedies phase in July or August.

Ripple Vs SEC expert Sherrie pointed out that if the SEC does not appeal the case, it could hurt all their other cases involving crypto. She also questioned why Ripple wouldn’t file an appeal against the decision that ODL sales are considered securities offerings, as the company generates more revenue through its XRP ODL sales.

Former SEC lawyer Marc Fagel mentioned that the SEC has publicly proclaimed its intent to appeal the case, but there are concerns about the risks of escalation to the Second Circuit Court if they do appeal against the summary judgment.

The possibility of a settlement in the XRP lawsuit remains controversial, with speculation arising after recent moves by Ripple or the SEC. Ripple CEO Brad Garlinghouse’s comments on the lawsuit and settlement during an interview with Bloomberg added to the intensity of the speculation.

Ripple CLO Stuart Alderoty discussed the evolving regulatory landscape for crypto assets, expressing dissatisfaction with the U.S.’s regulation by enforcement strategy. He highlighted the need for clear regulations to monitor bad actors and protect investors while fostering technological innovation.

As the legal battle continues, XRP’s price trades near $0.60, with a slight increase in the past 24 hours. The trading volume has decreased significantly, indicating a cautious market sentiment.