XRP Lawsuit: Lawyer Unveils Latest Prediction For Ripple-SEC Case
Summary
Fred Rispoli, senior managing partner at Hodl Law, updated his view on the XRP lawsuit, expressing surprise and recalibration of expectations after the SEC gained a partial victory. The court ordered Ripple to disclose financial statements for 2022-2023, emphasizing the significance of these documents in determining injunctions and penalties. Rispoli criticized Ripple's strategy in contesting the discovery, suggesting that transparency could have precluded future litigation. He indicated that the SEC is aggressively targeting Ripple's operational practices, potentially threatening the company's institutional operations. XRP traded at $0.50224 at press time.
