Ripple’s Appeal Outcome Hinges on Judicial Panel, Says Legal Expert
Legal expert Fred Rispoli suggests Ripple’s chances against the SEC's appeal largely depend on the panel of judges assigned to the case.
He argues that Ripple could have a strong shot at victory if the judges remain impartial, but cautions that the SEC may win if the court sides with the government as it has in the past.
In a podcast interview, Rispoli estimated Ripple’s odds at 70% if the judges are neutral. However, he highlighted that much of the outcome hinges on who will preside over the appeal, making the situation uncertain. The appeal challenges Judge Torres’s earlier ruling, with the SEC expected to contest both the $125 million penalty and the judgment on Ripple’s programmatic sales of XRP.
Rispoli anticipates that the SEC will focus on reversing the court’s decision that XRP is not inherently a security. He also expects the regulator to push for a heftier penalty.
READ MORE: Bitwise Files for XRP ETF, Following Ripple CEO’s Predictions of Inevitable Launch
The broader crypto market is watching closely, as the court’s decision could set a precedent for other cases involving major firms like Binance and Coinbase. Rispoli believes that Ripple might secure a favorable ruling if it files a cross-appeal, increasing its chances of success.
With the case potentially dragging on until 2026, Rispoli emphasized that Ripple should continue its efforts on the legislative front. For now, Judge Torres’s decision stands, leaving XRP classified as not a security. Despite the legal uncertainty, some analysts remain optimistic about XRP’s future, predicting significant price growth even amid the ongoing appeal.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
