XRP News Alert: Ripple vs. SEC Shocking Twist ; No Ruling Until 2026!
The post XRP News Alert: Ripple vs. SEC Shocking Twist ; No Ruling Until 2026! appeared first on Coinpedia Fintech News
On September 4, Ripple Labs requested a stay on the $125 million payment mandated by the court’s judgment on August 7, 2024. Ripple’s request, which the SEC has agreed to, involves placing 111% of the judgment amount into escrow. This arrangement will hold the funds until 30 days after the 60-day appeal window concludes. The purpose of this stay is to provide a buffer while both parties prepare for potential appeal proceedings.
Debunking the Ripple vs SEC Appeal Speculations
In a recent X post, Fred Rispoli provides reassurance to XRP investors, stating that there’s no immediate cause for concern regarding a potential SEC appeal. Rispoli emphasizes that a final ruling on the SEC vs. Ripple case isn’t anticipated until 2026.
Rispoli points out that the SEC’s recent actions, including lawsuits against various exchanges and claims that multiple tokens are securities, have significantly reduced the impact of the Ripple case. According to Rispoli, if Ripple and XRP face further difficulties, they are unlikely to be solely due to the SEC’s actions.
Garlinghouse’s Optimism Amid Uncertainty
Despite the ongoing legal drama, Ripple CEO Brad Garlinghouse remains optimistic. Speaking at Korea Blockchain Week (KBW2024), Garlinghouse downplayed fears of a potential SEC appeal. He expressed confidence that the core ruling—confirming that XRP is not a security—remains intact and is not likely to be overturned by the SEC, regardless of any future appeal attempts.
XRP Price Trends and Speculations
Following the above uncertainty, XRP’s price has hovered around $0.5587, showing a modest recovery after a recent drop. The potential for significant price movements exists depending on the SEC’s actions. If the SEC decides to appeal, XRP could see its price fall below $0.40. Conversely, if no appeal is filed, XRP could potentially rise towards $1.00, reflecting a positive market reaction to the ruling on XRP’s programmatic sales.
Community Reactions and Investor Sentiment
Responses to Fred Rispoli’s x post reflect a mix of cautious optimism and frustration within the XRP community. While some acknowledge Rispoli’s point about the long timeline for a ruling, they also note that even minor negative news is often exaggerated in the XRP community, creating a cycle of drama. Supporters like RippleMeThis express unwavering confidence in Ripple and XRP, maintaining their investment and belief in future success. Others, like Alice in Wonderland, remain hopeful that XRP’s global adoption and increased liquidity will drive its price higher, despite current uncertainties.
