Andrew AP Abacus, co-founder of Arch Public, has suggested that the XRP lawsuit may be nearing its conclusion, citing two sources within the U.S. Securities and Exchange Commission (SEC).
His claims about possible outcomes for the Ripple vs SEC case have sparked mixed reactions from legal experts, including John Deaton, Bill Morgan, and Fred Rispoli.
In his post on X, AP Abacus proposed that the SEC might consider classifying XRP as a commodity, a move that could significantly impact its regulatory status. He also suggested that Ripple could face a reduced fine from the original $125 million penalty imposed by Judge Analisa Torres. Additionally, he noted that the SEC’s new leadership might recognize the case’s broader implications, potentially influencing future regulatory decisions.
UPDATE: *two* SEC sources believe @Ripple case is very close to ending. Some expected outcomes:
• “expect $XRP to get serious commodity consideration.”
• “greatly reduced fine; GREATLY reduced”
• “new leadership knows this case and how they handle it is a big deal;…
John Deaton’s reaction, a simple eye emoji, hinted at skepticism and surprise, while Bill Morgan expressed both optimism and concerns. While he acknowledged the potential benefits of XRP’s reclassification and a more cautious SEC stance, he raised questions about the legal hurdles Ripple still faces, including the possibility of an injunction. Meanwhile, Fred Rispoli offered a mix of humor and skepticism, admitting that his optimism makes him more inclined to believe positive updates while remaining wary of negative ones.
The XRP community continues to debate the potential outcomes, with some hopeful that a resolution is imminent, while others remain cautious about the SEC’s next steps. As the legal battle inches closer to a conclusion, the broader implications for crypto regulation and XRP’s market position remain uncertain.
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