The post Ripple vs. SEC: Legal Expert Predicts Lawsuit Could Last Another 10 Months appeared first on Coinpedia Fintech News
Ripple’s XRP could finally be on the verge of breaking free from the SEC’s legal grip, with recent developments suggesting a significant shift in the ongoing lawsuit. Back in late 2020, the SEC sued Ripple Labs, alleging that XRP was being sold as an unregistered security. This lawsuit has been dragging on for nearly four years, and many in the crypto community are now wondering if it’s about to come to an end.
The SEC has recently doubled down on its appeal, arguing that the court erred in deciding that XRP sales were not securities. However, some legal experts, including former SEC lawyer Marc Fagel, believe that the case could continue for another 10 months, or possibly be dropped if new SEC leadership decides not to pursue it. With Gary Gensler’s exit from the SEC, there is a growing possibility that the new leadership may go ahead with what Fagel said. Ripple’s legal team remains confident that the SEC’s arguments are weak and that the appeal could be dismissed.
If Ripple wins, it could have far-reaching effects on the crypto market. A ruling in Ripple’s favor would set a precedent for other cryptocurrencies, potentially shielding them from SEC scrutiny. On the other hand, if the SEC wins, it could create broader regulatory challenges for tokens that rely on community-driven hype or marketing, as they might be classified as securities.
XRP Rally Continues:
XRP has just reached its highest price since 2018, surpassing $3.Several factors could push XRP to higher levels. A favorable outcome in the SEC lawsuit would act as a major catalyst for growth. Additionally, the broader adoption of Ripple’s technology in cross-border payments could drive more demand for XRP.