Ripple vs. SEC: Appeal Won’t Derail XRP Bull Run
A legal expert has weighed in on the potential impact of a Ripple vs. SEC appeal, suggesting that it won’t have a significant impact on XRP’s price in the short term. Fred Rispoli, a legal expert, says that even if the SEC does appeal the recent court ruling, a final decision won’t be expected until 2026.
Rispoli also highlights the fact that the SEC’s broader crackdown on cryptocurrencies, including classifying Cardano (ADA) and Solana (SOL) as securities, has diluted the impact of the SEC’s case against Ripple. The SEC’s expanded actions have taken some of the pressure off XRP, according to Rispoli.
Why XRP Might Perform Well Despite the Lawsuit
Rispoli believes that XRP’s performance during the next bull run will largely depend on market forces, not the ongoing lawsuit. Unlike the previous bull run in 2021, where the lawsuit negatively impacted XRP’s price, the recent court ruling provides clarity on XRP’s status as a security for exchange trading.
This clarity, coupled with Ripple’s continued development, including the upcoming launch of its new stablecoin, Ripple USD (RLUSD), could position XRP for a strong showing in the next bull market.
Ripple’s Continued Development
Despite the legal challenges, Ripple has not slowed down its development. During Korea Blockchain Week 2024, Ripple CEO Brad Garlinghouse announced that Ripple will soon release its new stablecoin, Ripple USD (RLUSD). Garlinghouse also indicated that Ripple has no immediate plans to go public in the US due to the SEC’s regulatory environment.
