The ongoing ripples may be concluded against the Supreme Education Council without any changes to the $ 125 million ruling against Ripple, according to lawyer Farid Reesboli.
The legal expert suggested that the Securities and Stock Exchange Committee (SEC) may wait for a new leadership before making a final decision. This has led to discussions on whether Ripple could negotiate a reduced penalty or alternative settlement.
Ripple vs. SEC by 125 million dollars
The US Supreme Education Council, which is currently led by a 2-1 committee in support of Crypto under the leadership of the Acting President, Mark Oida, did not abandon its case against Ripple, despite the withdrawal of other lawsuits related to the encrypted currency. Legal analysts Farid Rispoli in X post It is believed that the agency is waiting for the new candidate for SEC Paul Atines to take office before making more decisions on the issue.
Farid Reesboli has argued that the dropping of the appeal while maintaining a fine of $ 125 million would provide the Securities and Stock Exchange Committee from the additional legal battles.
“The best satisfaction about it, if this is true, is that it does not fill thousands of work from the work set by SEC employees to obtain a $ 125 million ruling,” Rispoli said in a post on X.
The wavy lawsuit against the Supreme Education Council remains one of the most complex legal battles in the cryptocurrency industry. While SEC recently closed issues against Kaken, Coinbase and Conssys, it has not taken a similar action against Ripple. Some legal experts believe that the XRP institutional sales may be a major factor in delay.
Speculation about XRP payments and strategic reserves
There was speculation that Ripple could settle the fine of $ 125 million by transferring XRP instead of cash. Vincent Van Code, a market analyst, suggested that Ripple may negotiate to pay the fine in XRP, which can then be allocated to the government -controlled cryptocurrencies.
According to Van Code, “Some speculate that Ripple, instead of paying $ 125 million in dollars, provides equivalent in XRP to the new strategic reserves of Crypto.” However, the lawyer Reesboli suspects that such an arrangement is likely, given the slow progress in legal procedures.
Meanwhile, Reble’s Lascrow, which contains about 37.1 billion XRP, was at the Discussions Center on Possible Governmental Requests. During the weekend, US President Donald Trump confirmed that XRP will be part of the country’s digital asset reserves, leading to speculation that Ripple guarantee can participate in legal negotiations.
XRP sales restrictions remain a major problem
The wavy lawsuit against the Supreme Education Council focused on whether XRP should be safe. In 2023, Judge Angisa Torres ruled that XRP’s institutional sales were securities, which led to a fine of $ 125 million. Ripple has since challenged the podish command that restricts certain sales of XRP for banks and payment processors.
According to legal experts, Ripple’s efforts to cancel it may be a reason not to drop her case yet. Lawyer Jeremy Hogan suggested that Ripple may interact with the Court of Appeal in the second circle to call the ruling.
Meanwhile, David Schwartz, chief technology official at Ripple (CTO) rejected concerns about XRP enlargement. Schwartz reaffirmed that the total XRP offer can not be increased under the XRP notebook code.
“There is no function literally to create more XRP. The blog needed to do such something does not exist.”
As for the Ripple vs. SEC, she is currently reviewing at the Court of Appeal in the second circle. SEC presented her arguments to the court on January 15, 2025, and Ripple has until April 16 to provide her response.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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