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You are here: Home / Cryptocurrency News / Ripple Faces 2026 Appeal Delay, Legal Expert Reassures Investors

Ripple Faces 2026 Appeal Delay, Legal Expert Reassures Investors

By Aishwarya shashikumar | Edited By Sahana Kiran,September 7, 2024, 9:37 AM

Ripple

Attorney Fred Rispoli has offered insight into the ongoing Ripple case, easing concerns about a potential SEC appeal. According to Rispoli, even if the regulatory body does appeal, a ruling likely won’t be reached before 2026. This long delay offers breathing room for Ripple and XRP to continue thriving.

Rispoli also pointed out that the SEC’s broader crackdown on exchanges and tokens has reduced the pressure on Ripple. He emphasized, “If Ripple and XRP don’t make it now, it’s not because of the SEC’s case.” His message is clear stating that the SEC’s pursuit of other crypto assets has diverted attention away from the firm.

The favorable court ruling for Ripple has given institutional partners confidence in using XRP. Rispoli notes that this ruling won’t change, at least until 2026, offering a sense of security for the company’s growth. He also predicts that federal legislation could outpace the SEC lawsuit, potentially reshaping the regulatory landscape.

Ripple’s Recent Moves

Ripple has taken proactive steps, requesting the monetary portion of the court’s final judgment in anticipation of the SEC’s potential appeal. The company’s leadership remains strategic, seeking to protect their victory while awaiting the SEC’s next move.

Jeremy Hogan, a partner at Hogan & Hogan, adds another layer to the discussion. Hogan believes the SEC has not yet decided whether to appeal, but time is running out. He states that if the SEC had already made a decision, they would have filed by now. Hogan gave a 60% chance of an appeal, noting that the SEC “doesn’t operate like a normal litigant.”

Hogan also warned that an appeal could backfire on the SEC. But with the SEC’s unpredictable behavior, the crypto community waits for the next move.

With XRP holding strong at $0.50 and Ripple ranking within the top 10 cryptocurrencies, its market cap remains around $26 billion. The future looks promising for the firm, with institutional support and the timeline of the appeal extending into the distant horizon.

Filed Under: Cryptocurrency News, Altcoin News, World

About Aishwarya shashikumar

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