$XRP Ripple SEC Lawsuit: Lawyer Sees 70% Chances of Win for XRP

Fred Rispoli, a lawyer supportive of XRP and Ripple, discussed the SEC’s decision to appeal the Ripple case ruling by Judge Torres. When asked whether he anticipated this appeal, Rispoli noted that while he hoped it wouldn’t happen, he believed it was likely due to the SEC’s lack of accountability. The XRP lawyer also noted that there are 70% chances of the SEC losing this appeal.

Ripple vs. SEC Lawsuit Appeal Outcome Possibilities

In an interview with Tony Edward, Rispoli said, “There wasn’t too much of a downside for the SEC to file this appeal. Now granted it could be catastrophic for them if they lose, but even if that’s the case, there’s no accountability anyway.”

Rispoli explained also that the SEC’s appeal targets several elements of the case, particularly the firm’s programmatic sales and other distributions of XRP. He highlighted the importance of these sales, stating, “The programmatic sales are where it’s critically important”

According to Rispoli, these sales concern Ripple selling XRP on exchanges, which could open the door for implications affecting secondary sales and exchanges like Coinbase and Kraken. He warned that if the SEC wins this aspect of the case, it could lead to lawsuits against major crypto exchanges: “As soon as they win, they’re filing that case and the Coinbase case and the Kraken case.”

Regarding the SEC’s chances of winning, Rispoli pointed out that the outcome largely depends on the panel of judges assigned to the case. “The sad part about maybe the way our judicial system is structured in general is it’s really going to hinge on who are the three judges that get assigned.”

He suggested that if the judges are historically favorable to the government, the SEC’s chances could increase. However, he also estimated that Ripple stands a good chance of winning if the panel is fair or even slightly favorable, predicting “70-30 in Ripple’s favor.”

cryptonewsz.com