With the US Securities and Stock Exchange Commission (SEC) with withdrawal of the appeal in the XRP case, then Ripple $2.36The abandonment of the opposing objection is considered as an important breaking point in the case process. These developments have increased the expectations that the case, which has been on the agenda of the public for a long time, was approaching the end. However, it is early to say that the process is completely concluded because an official decision has not yet been announced. The legal process still continues and the parties follow the legal procedures step by step.
Critical moves from Sec and Ripple
SEC’s withdrawal of the objection file without any explanation, Ripple’s abandonment of the opposing objection simultaneously shows that the case process has entered the maturation phase. These developments between the parties of the case in recent weeks give strong signs that the judicial process can now reach a conclusion. In particular, investors and crypto currency community interpret these withdrawals as a positive signal.
Ripple’s Chief Legal Counsel (CLO) Stuart Alderoty’s statements revealed that the company has taken steps towards reconciliation and prepared the necessary documents. The voting process of the SEC within the next 30 days stands out as a critical threshold. As a result of this vote, the SEC is expected to make an official application for the abolition of the precautionary measure implemented within the scope of the case. Judge Analisa Torres is expected to respond to this application within 30 days.
Final solution expectation in 60 days
Fred Rispoli, the law expert, said that the case process has not yet expired, but will be legally completed within 60 days at the latest. According to Rispoli, the decision process will be entered with the reconciliation between the parties and the file will officially close. However, Emphasizing that every step towards the process should be followed carefully, Rispoli warned, “If the laws change or if a harder attitude develops against crypto currencies, things can go in a different direction”.
There are still those who believe that the case is completely over within the community, as well as those who approach cautiously. At this point, the assessment of Bill Morgan, a law consultant, draws attention. Morgan says that Ripple has to act in accordance with the court decision, especially in token sales for corporate investors. For this, he states that the company should adopt new strategies.
Ripple’s approach to the end in this long -term legal struggle with SEC will also directly affect the future steps of the company. The company’s completion of the process in accordance with the court decisions may further strengthen its position in the market.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
