CandleFocus SEC Will Likely Win Against Ripple if This Happens
2024-10-04
Author: Content Editor
Attorney Fred Rispoli discussed the SEC's chances of winning against Ripple in an appeal during an interview on the "Thinking Crypto" podcast. He emphasized that the outcome will depend on the panel of judges assigned to the case, stating that if the panel historically aligns with the government, the SEC's chances of winning could be as high as 70-80%. However, Rispoli believes that Ripple has the necessary tools to defeat the SEC. He expects the SEC to appeal the programmatic sales, which could have negative implications for XRP holders and other companies such as Coinbase and Kraken. Additionally, the SEC may appeal the imposed penalties on Ripple, seeking a higher fine. Throughout the appeal process, Ripple will need to convince its clients and institutional investors to remain supportive.
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