Ripple SEC Case: XRP Lawsuit Enters Final Round, What to Expect?

US SEC & Ripple SEC Case lawsuit moves to final phase and some analysts placing odds of a possible SEC appeal at approximately 75%, which may likely exacerbate the process in the XRP interest group. SEC v Ripple reaches the last stage, leading to speculation on an appeal. An appeal by the US SEC may prolong the fight, according to former lawyers of the SEC. In his analysis of a court prediction on cases similar to the XRP lawsuit, James Farrell estimates the likelihood of the SEC appealing on liability portions in the case at 75%.

Lately, the Ripple SEC Case has been in the investors’ spotlight, and many of them are waiting for the US SEC’s appeal in the legal case. As we approach the last stage of the lawsuit, people are increasingly asking when the process of a legal fight between the two rivals will begin. In the middle of this, former SEC lawyers posited that there would be an appeal by the SEC and at the same time, many have staked their money on a re-appeal by the firm in case the SEC proceeds to implement its plan.

The Ripple SEC Case’s last phase has begun

The Ripple SEC Case is one of the most persistent and well-known legal processes in the sphere of cryptographic money, which has attracted considerable attention from the broader audience of the crypto universe. This year, the battle ended in September when Judge Torres required the blockchain firm to pay a penalty of $125 million to the agency. However, many have considered this a partial victory for the firm when one takes into consideration that the US SEC was initially seeking $2 billion in penalty.

However, as soon as after the order, expectations for an SEC appeal in the XRP lawsuit rose sky-high. At the same time, many are waiting for a replay by the blockchain firm if the agency has opted for its appeal plan to proceed to the next level.

More recently, Ripple has gotten a stay order for the penalty payment to the US SEC once both have agreed upon the delay. This has also led to speculation if both are preparing to take the current legal fight to a new level.

Read more:- Coinbase Vs SEC: Exchange Appeals SEC’s Denial Of Rulemaking Petition

Ex-SEC Lawyers Predicts A Possible Appeal

That was true, Marc Fagel, an ex-SEC lawyer, and James Farrell pushed for an appeal in the Ripple SEC case, and this created discussions. In a recent social media posting, James Farrell assigns a 75 percent probability for appeal on liability portions by the SEC.

In the latest X conversation, Farrell pointed out that it was victorious on institutional sales, but the demon on secondary market sales, and employing XRP for payments. Its timing, being made within 70 days of filing, seems more probable to be as a result of administrative process rather than tactics.

At the same time, Farrell finds that if an organisation files later, then it will not necessarily benefit from this because SEC staff will insist on Commission approval in any event.

What’s Next In XRP Lawsuit?

The XRP community is hopeful but an appeal might extend the Ripple SEC case. A final decision will determine the fate of XRP as a security under current laws governing the US or not, and the fate of the entire crypto-market.

Interestingly, in a case related to pro-XRP lawyer Fred Rispoli, the agency might not fix a decision for an appeal, yet claim that it will make a last-ditch decision. However, Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty have dismissed the speculations, they have no intention of prolonging the XRP lawsuit.

However, Fred Rispoli earlier criticised, that if the firm wins an appeal then it will be able to get statutory interest from the SEC, which has to return the $125 million penalty plus interest. Regarding that, James Farrell pointed out that the SEC might also reimburse the firm for appeal expenses and bond fees if the firm wins the protracted fight.

This development complicates the Ripple SEC case further, especially if the firm decides to cross-appeal arguing with the court ruling on institutional sales and ODL transactions. Since the parties must file the appeal in court by October 2024, the given case is essential, and its outcome will significantly influence the crypto market.

Currently, XRP has shown volatile trading situations recently, it is being traded at $0.5866 The sentiment of XRP Constantinople has an attacking and defensive bonus for the player. The trading volume was $11% lower at $928.86 million and has reached a 24-hour high of $0.5908. In addition, XRP Futures Open Interest grew by 1% signifying that the market is bullish.