The post Ripple vs SEC: Pro-XRP Lawyer Says SEC May Officially Drop Appeal Before April 16 appeared first on Coinpedia Fintech News
The legal fight between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may finally be coming to an end. As confirmed by Ripple executives, the SEC has agreed to return $75 million of the $125 million fine Ripple was ordered to pay last year. That would leave Ripple with just a $50 million payment to settle the case. But here’s the catch: the SEC hasn’t officially confirmed anything yet.
Big SEC Meeting Set for April 10
The SEC has a closed-door meeting scheduled for Thursday, April 10. This is expected to be very important because Ripple’s deadline to file its response in the appeal process is just days later — on Wednesday, April 16.
If the SEC wants to withdraw its appeal about Ripple’s XRP sales, it will likely need to make that decision during this week’s meeting. Otherwise, the case could continue in court.
Legal Expert Says Something Is Coming Soon
Attorney Fred Rispoli, who has been following the case closely, said that something will happen before or on April 16. He said there’s a 90% chance the case will settle or the appeal will be withdrawn — and only a 10% chance Ripple will actually have to file its legal brief.
When asked if the SEC had already agreed to end the case, Rispoli said the two sides had likely reached an agreement behind the scenes — but the SEC hasn’t made anything public yet, which is standard for them.
Why This Matters
The appeal is about whether Ripple’s XRP sales on exchanges were illegal. A judge had ruled they were not securities — a major win for Ripple and the crypto industry. If the SEC officially drops its appeal, it would be a big step toward ending the case for good.
What’s Next?
All eyes are now on the SEC’s April 10 meeting. If the SEC acts, we could see the legal battle finally come to a close by April 16. Until then, Ripple’s fate — and a key moment for crypto regulation — is still in waiting.