The ongoing legal battle between Ripple and the SEC could continue to have a negative impact on XRP’s price. The appeals process is expected to last for several years. Ripple’s Chief Legal Officer, Stuart Alderoty, recently stated that the full briefing process, which includes initial briefing from the SEC followed by a response from Ripple and any further rebuttals, is projected to extend through July 2025.
Pro-XRP attorney Fred Rispoli shared what he believes the SEC might argue: that Judge Torres erred in her decisions on “programmatic sales,” “other distributions,” not ordering disgorgement, and the $125 million penalty. There is also the potential for the SEC to challenge the finding that XRP is not classified as a security.
In light of the ongoing developments, Ripple’s legal position appears solid, and the company believes it can successfully defend XRP against being labelled a security, which it has consistently said is false. The SEC will likely aim to argue XRP’s status, whether it must be decided for liability to attach.
However, it is predicted that the Commission will not be able to prove otherwise. Both legal teams are prepared for detailed and substantial arguments, and observers await the final outcome which will define the future of XRP’s legality and its overall impact on the cryptocurrency markets.
