Pro-XRP Lawyer Sees 40% Settlement Odds For Ripple-SEC After Ruling
Summary
The SEC filed a motion seeking a $2 billion penalty against Ripple in their legal battle. Pro-XRP lawyer Fred Rispoli analyzed the SEC's motion, highlighting the claim that Ripple offered significant discounts on XRP sales to certain institutional buyers, potentially harming investors. The SEC also criticized Ripple's dependency on XRP sales as its primary revenue source. Ripple's On-Demand Liquidity transactions' legal classification is crucial. Rispoli predicts two possible outcomes, emphasizing the high stakes and potential for a settlement. Ripple has signed 80 contracts with institutional buyers since the lawsuit began. XRP traded at $0.63 at press time.
