Home Altcoins News Ripple Lawsuit Could Be Settled, Legal Expert Says XRP Case Nears Resolution

Ripple Lawsuit Could Be Settled, Legal Expert Says XRP Case Nears Resolution

XRP Legal

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could be heading toward a resolution. For years, the case has focused on whether Ripple’s digital asset, XRP, should be classified as a security. However, a significant court ruling earlier this year determined that XRP is not a security under U.S. law, marking a pivotal moment for Ripple. Despite this victory, the SEC’s ongoing appeal has kept the uncertainty alive.

Recently, the question arose on whether the case could still be withdrawn or settled, especially in light of shifting political and regulatory developments. Legal experts are weighing in on the possibility of a settlement or withdrawal, with some suggesting that Ripple’s long legal ordeal could finally come to an end soon.

Political Shifts: How Trump’s Presidency Could Influence the Case

The election of Donald Trump in 2024 has raised new questions about how Ripple’s legal case might be impacted. Trump, known for his pro-crypto stance, may create a more favorable regulatory environment for digital assets like XRP. If Trump appoints a new SEC chair who is more open to cryptocurrencies, it could speed up the resolution of Ripple’s case.

A change in leadership at the SEC could lead to a settlement of the lawsuit, potentially for the $125 million fine that was originally proposed by the SEC. Such a shift could also bring more clarity to cryptocurrency regulations, which would likely boost investor confidence and market interest in Ripple’s technology.

Can the Lawsuit Be Settled or Withdrawn? Legal Insights

A key question being asked by many in the cryptocurrency community is whether Ripple’s case can still be settled or withdrawn at this stage. Legal expert Fred Rispoli provided clarity on the issue. In response to an online query, he stated that the case “can be withdrawn or settled at any time,” though he added that a full withdrawal is unlikely. Rispoli suggested that a settlement is more probable at this point.

Given the length of the case and the uncertainty surrounding it, a settlement would likely be the most pragmatic solution. Both Ripple and the SEC could avoid the risks of a prolonged court battle by agreeing to a resolution that would allow Ripple to continue its operations without further legal hurdles.

Ripple’s Legal Victory: What It Means for XRP

Ripple’s recent legal victory, which found that XRP is not a security, was a major win for the company. However, the SEC’s appeal of this ruling means that the legal saga isn’t over yet. Should the appeal fail and the ruling stand, Ripple will gain more regulatory certainty, which could help drive adoption of XRP, especially in the global banking sector where Ripple’s technology is making inroads.

CEO Brad Garlinghouse remains hopeful that clearer regulations will open up new opportunities for Ripple and expand the use of XRP in financial systems worldwide.

XRP Price: Will Legal Clarity Boost Market Confidence?

XRP has seen steady growth recently, trading around 60 cents. The cryptocurrency has gained 19% in value this week alone, a sign of growing optimism in the market. As Ripple’s legal case moves closer to a resolution, investors are betting that clarity on the regulatory front will drive further price increases.

If Ripple’s case is resolved favorably, the price of XRP could rise significantly as institutional investors gain confidence in the asset. With Bitcoin also pushing toward $90,000, the broader cryptocurrency market is in a bullish phase, which could further benefit XRP’s price.

Conclusion: A New Era for Ripple?

The Ripple Labs lawsuit with the SEC may finally be reaching a turning point. Legal experts suggest that a settlement is more likely than a complete withdrawal, and with political shifts underway, Ripple may soon see the clarity it needs to grow. If the case is resolved in Ripple’s favor, it could unlock new opportunities for XRP, both in terms of price and adoption, paving the way for broader integration into the global financial system.

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Evie

Evie is a blogger by choice. She loves to discover the world around her. She likes to share her discoveries, experiences and express herself through her blogs.

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