Potential Timeline of Appeal Phase
Rispoli also delved into the potential timeline for the appeal, noting that it would likely take several years before any resolution is reached. He estimated that the ruling wouldnât come until âJanuary of 2026.â
During this time, Judge Torresâ ruling remains the law, which provides a degree of security for institutions currently using XRP. However, future implications depend on the outcome of the appeal.
The broader context of the appeal could affect the entire crypto industry, especially with the SECâs focus on multiple companies. Rispoli emphasized this, saying, âThe SEC is no longer just targeting Ripple. Theyâre targeting everybody.â
He stressed that the regulatory environment is now a significant factor for businesses, with companies needing to navigate these legal battles and maintain confidence in their operations.
Rispoli speculated that the political environment might influence the outcome, particularly if there is a change in leadership at the SEC. He suggested that new regulations or a regime change could potentially lead to the SEC withdrawing the appeal altogether.
He mentioned the possibility of a shift in power following the 2024 presidential election, which could result in a new SEC chair who may take a different approach. Itâs because former President Donald Trump has vowed to fire the ani-crypto SEC Chairman, Gary Gensler. Thus, Rispoli stated, âIf you had a new regimeâŠthey could just completely withdraw [the appeal].â
cryptonewsz.com
