XRP Lawsuit Update: Ripple’s CLO Sees Only 10% Chance of SEC Winning Appeal
- Ripple Chief Legal Officer Stuart Alderoty states the SEC has a mere 10% chance of winning the appeal.
- Ripple aims to resolve the XRP lawsuit and pay the $125 million fine within 24 days.
- Potential for an XRP ETF rises as the lawsuit nears settlement.
In an interview, Stuart Alderoty remarked that the SEC’s chances of winning an appeal are slim, typically less than 10% in the second circuit. He emphasized that XRP secondary market sales are not classified as securities under current law. This decision could pave the way for new developments, including an XRP ETF, as major market players like Binance US show interest in moving beyond the lawsuit.
Looking ahead, the potential settlement of this lawsuit could significantly impact the crypto market, possibly leading to greater institutional adoption and regulatory clarity for XRP and other digital assets.
