An important person in the XRP community, Fred Rispoli, has made an interesting statement about when the SEC’s case against Ripple will finally be over. After years of court battles, Rispoli thinks a decision could be made by the end of July. This could be a turning point for the troubled cryptocurrency.
As someone who knows much about the Ripple story, I know Rispoli didn’t just give a general schedule. He discussed July 13 as a very important date by mentioning its importance in the court case last year.
XRP Ruling By Judge Torres Spurs Price Surge And Legal Battles
That day, Judge Torres sided with XRP and said it was not a security. The market reacted right away, and within hours of the decision, the price of XRP went through the roof, rising by 100%.
The court dispute is mostly about figuring out how much money to give as damages. Ripple will get in trouble for selling stocks without being registered through its Ripple transactions. The main point of contention is the amount of money that should be returned. The SEC wants billions of dollars, while Ripple wants a deal that doesn’t go over $10 million.
Even though legal pressure is growing, Ripple is sticking to its defense, saying that the SEC’s claims are too broad and unsupported. The outcome of this case is being closely watched by cryptocurrency users and financial regulators worldwide. It could set a standard for how regulators treat digital assets like XRP.
As July approaches, people in the Ripple ecosystem are still cautiously optimistic. They want a solution that could change XRP’s future path in a constantly changing regulatory environment.
