{"id":557472,"date":"2023-10-25T09:30:36","date_gmt":"2023-10-25T09:30:36","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=557472"},"modified":"2024-06-11T08:41:43","modified_gmt":"2024-06-11T08:41:43","slug":"pro-xrp-expert-sec-ripple","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/ripple\/pro-xrp-expert-sec-ripple\/","title":{"rendered":"Pro-XRP Legal Expert Shares Expectations If SEC Wins Appeal Against Ripple"},"content":{"rendered":"

Pro-XRP legal expert Fred Rispoli<\/span><\/a> has shared some expectations following Judge Analisa Torres\u2019 order, where she officially dismissed the <\/span>US Securities and Exchange Commission\u2019s<\/span><\/a> (SEC) <\/span>claims against<\/span><\/a> Ripple\u2019s executives <\/span>Brad Garlinghouse<\/span><\/a> and Chris Larsen.\u00a0<\/span><\/p>\n

SEC Can Still Bring Claims Against Ripple\u2019s Executives<\/h2>\n

In a <\/span>post<\/span><\/a> shared on his X (formerly Twitter) platform, Rispoli noted that the SEC could still file another lawsuit against Garlinghouse and <\/span>Larsen<\/span><\/a> if they were to appeal <\/span>Judge Torres\u2019 ruling<\/span><\/a> on the programmatic sales and other distributions and get a judgment in their favor.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Spot ETF Approval: Why Price Could Be Set For 300% Surge<\/a><\/div>\n

His assumption is based on the fact that the <\/span>Judge\u2019s latest order<\/span><\/a> showed that the SEC only dismissed the claims against them with respect to the institutional sales, as the Commission had alleged that both Garlinghouse and Larsen aided and abetted Ripple Labs in violating securities laws with respect to the crypto company\u2019s offers and sales of XRP.<\/span><\/p>\n

However, he stated that any action would only be restricted to the programmatic sales and other distributions since the dismissal with respect to the institutional sales was with prejudice, meaning a claim cannot be brought again regarding that particular matter.\u00a0<\/span><\/p>\n

In July, Judge Torres <\/span>also ruled<\/span><\/a> that the institutional sales were investment contracts, which amounted to them being securities. In line with this, the SEC and Ripple will move to settle on the latter\u2019s violation of securities laws, with the firm expected to pay a particular amount as a fine for its violation of the act.\u00a0<\/span><\/p>\n

\"XRP<\/p>\n

Token price clears $0.54 resistance | Source: XRPUSD on Tradingview.com\u00a0<\/a><\/pre>\n
Will The SEC Appeal Judge’s XRP Decision?<\/h2>\n
As to whether the <\/span>SEC will appeal<\/span><\/a> Judge Torres’ ruling on the <\/span>programmatic sales and other distributions<\/span><\/a>, Rispoli seemed to suggest that that was unlikely as the SEC was more focused on crunching the numbers (probably the monies Ripple will pay as fine) and \u201cwrap this one up for good.\u201d<\/span><\/p>\n
In a subsequent post, he also mentioned that there was the possibility that they received assurances from the SEC to not file an appeal as one would expect that Garlinghouse and Larsen\u2019s <\/span>\u201chigh-powered attorneys\u201d<\/span><\/a> would have asked that the SEC dismissed all the claims, including the ones relating to the programmatic sales and other distributions.\u00a0<\/span><\/p>\n
Related Reading: Bitcoin: On-Chain Tracker Points Out Interesting Difference Between Current And Past Rallies<\/a><\/div>\n
Interestingly, Rispoli <\/span>had once predicted<\/span><\/a> the likely outcome of this case as he had stated that the SEC was unlikely to drag Ripple\u2019s executives through a trial and that they had only brought forward the claims against them in order to force Ripple into a \u201cweak settlement position.\u201d<\/span><\/p>\n
The SEC is also unlikely to appeal, going by <\/span>pro-XRP legal expert John Deaton\u2019s<\/span><\/a> comments when he suggested that the <\/span>ETH Gate saga<\/span><\/a> may have forced the SEC into what <\/span>Ripple\u2019s Chief Legal Officer Stuart Alderoty<\/span><\/a> has described as a \u201csurrender.\u201d<\/span><\/p>\n
Featured image from U.Today, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Pro-XRP legal expert Fred Rispoli has shared some expectations following Judge Analisa Torres\u2019 order, where she officially dismissed the US Securities and Exchange Commission\u2019s (SEC) claims against Ripple\u2019s executives Brad Garlinghouse and Chris Larsen.\u00a0 SEC Can Still Bring Claims Against Ripple\u2019s Executives In a post shared on his X (formerly Twitter) platform, Rispoli noted that the SEC could still file another lawsuit against Garlinghouse and Larsen if they were to appeal Judge Torres\u2019 ruling on the programmatic sales and other distributions and get a judgment in their favor.\u00a0 Related Reading: Bitcoin Spot ETF Approval: Why Price Could Be Set For 300% Surge His assumption is based on the fact that the Judge\u2019s latest order showed that the SEC only dismissed the claims against them with respect to the institutional sales, as the Commission had alleged that both Garlinghouse and Larsen aided and abetted Ripple Labs in violating securities laws with respect to the crypto company\u2019s offers and sales of XRP. However, he stated that any action would only be restricted to the programmatic sales and other distributions since the dismissal with respect to the institutional sales was with prejudice, meaning a claim cannot be brought again regarding that particular matter.\u00a0 In July, Judge Torres also ruled that the institutional sales were investment contracts, which amounted to them being securities. In line with this, the SEC and Ripple will move to settle on the latter\u2019s violation of securities laws, with the firm expected to pay a particular amount as a fine for its violation of the act.\u00a0 Token price clears $0.54 resistance | Source: XRPUSD on Tradingview.com\u00a0 Will The SEC Appeal Judge’s XRP Decision? As to whether the SEC will appeal Judge Torres’ ruling on the programmatic sales and other distributions, Rispoli seemed to suggest that that was unlikely as the SEC was more focused on crunching the numbers (probably the monies Ripple will pay as fine) and \u201cwrap this one up for good.\u201d In a subsequent post, he also mentioned that there was the possibility that they received assurances from the SEC to not file an appeal as one would expect that Garlinghouse and Larsen\u2019s \u201chigh-powered attorneys\u201d would have asked that the SEC dismissed all the claims, including the ones relating to the programmatic sales and other distributions.\u00a0 Related Reading: Bitcoin: On-Chain Tracker Points Out Interesting Difference Between Current And Past Rallies Interestingly, Rispoli had once predicted the likely outcome of this case as he had stated that the SEC was unlikely to drag Ripple\u2019s executives through a trial and that they had only brought forward the claims against them in order to force Ripple into a \u201cweak settlement position.\u201d The SEC is also unlikely to appeal, going by pro-XRP legal expert John Deaton\u2019s comments when he suggested that the ETH Gate saga may have forced the SEC into what Ripple\u2019s Chief Legal Officer Stuart Alderoty has described as a \u201csurrender.\u201d Featured image from U.Today, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":557475,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894,88655,89561],"tags":[6664,14690,3680,17209,85514,3799,89194,89714,4531,83637,10972,78763],"class_list":["post-557472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","category-ripple-2","category-xrp-news","tag-crypto","tag-crypto-news","tag-ripple","tag-ripple-news","tag-ripple-vs-sec","tag-sec","tag-sec-news","tag-sec-vs-xrp","tag-xrp","tag-xrp-news","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nPro-XRP Legal Expert Shares Expectations If SEC Wins Appeal Against Ripple<\/title>\n<meta name=\"description\" content=\"Pro-XRP legal expert Fred Rispoli has shared expectations following Judge Analisa Torres\u2019 order to dismiss SEC claims 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Pro-XRP Legal Expert Shares Expectations If SEC Wins Appeal Against Ripple","url":"http:\/\/www.ktsl888.com\/news\/ripple\/pro-xrp-expert-sec-ripple\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.ktsl888.com\/news\/ripple\/pro-xrp-expert-sec-ripple\/"},"thumbnailUrl":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Ripple-XRP-Small.jpeg?resize=200%2C180","image":{"@type":"ImageObject","url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Ripple-XRP-Small.jpeg?fit=320%2C180"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","crypto news","ripple","ripple news","ripple vs sec","sec","sec news","sec vs xrp","xrp","xrp news","xrpusd","xrpusdt"],"dateCreated":"2023-10-25T09:30:36Z","datePublished":"2023-10-25T09:30:36Z","dateModified":"2024-06-11T08:41:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Pro-XRP Legal Expert Shares Expectations If SEC Wins Appeal Against Ripple\",\"url\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/ripple\\\/pro-xrp-expert-sec-ripple\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.ktsl888.com\\\/news\\\/ripple\\\/pro-xrp-expert-sec-ripple\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Ripple-XRP-Small.jpeg?resize=200%2C180\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Ripple-XRP-Small.jpeg?fit=320%2C180\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"crypto news\",\"ripple\",\"ripple news\",\"ripple vs sec\",\"sec\",\"sec news\",\"sec vs xrp\",\"xrp\",\"xrp news\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-10-25T09:30:36Z\",\"datePublished\":\"2023-10-25T09:30:36Z\",\"dateModified\":\"2024-06-11T08:41:43Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.ktsl888.com\/wp-content\/uploads\/2023\/10\/Ripple-XRP-Small.jpeg?fit=320%2C180","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/557472"}],"collection":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/comments?post=557472"}],"version-history":[{"count":0,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/posts\/557472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media\/557475"}],"wp:attachment":[{"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/media?parent=557472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/categories?post=557472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ktsl888.com\/wp-json\/wp\/v2\/tags?post=557472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}