Influential Voice Predicts No Settlement in SEC v. Ripple Lawsuit, Deems the Case as Political

Sherrie, a famous XRP influencer, does not expect the SEC to settle with Ripple as she believes the lawsuit is more political than about prosecuting.

Yesterday, the court ordered that prior to the pretrial conference scheduled for April 16, 2024, the SEC and Ripple shall hold a settlement discussion for at least an hour.

Following the order, several XRP enthusiasts have been speculating that a settlement in the SEC v. Ripple case could be on the horizon.

However, prominent XRP influencer Sherrie does not believe a settlement will happen in the case. According to Sherrie, the Ripple lawsuit is more political.

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“A settlement was just not gonna happen. This is more political than it is about prosecuting,” said Sherrie.

However, the influencer stressed that she would be shocked to see the SEC settle with Ripple and drop its charges against the company’s execs – Brad Garlinghouse and Chris Larsen.

Glad we finally are on the same page! A settlement was just not gonna happen. This is more political than it is about prosecuting. I would be shocked if the SEC dropped charges or settled against the individual defendants and settled remedies in the Ripple case.

— Sherrie 🌸 (@CherryEmpress21) October 4, 2023

SEC Continuing Ripple Case Makes No Legal Sense 

Notably, Sherrie made the remark during a discussion on the X platform. During the exchange, an XRP enthusiast speculated that politics could be the only reason why the lawsuit between SEC and Ripple has continued to linger.

Per the user, it “makes no legal sense for the SEC to continue” the legal tussle. Furthermore, the XRP enthusiast alleged that the SEC is using the lawsuit to obstruct Ripple’s growth into cross-border payments, a sector he described as “banks’ most profitable cash cow.”

Lawyer Gives Possible Schedule for SEC v. Ripple Lawsuit

Meanwhile, Attorney Fred Rispoli highlighted the possible dates for upcoming events in the Ripple lawsuit following the court’s denial of SEC’s request to certify an interlocutory appeal.

Rispoli speculated that the upcoming trial between the SEC and Ripple execs that was scheduled for April 23, 2024, will linger for eight weeks or more.

He added that after the trial, there will be a subsequent post-trial that could be completed around September 2024.

Should the SEC file a full appeal after the trial, Attorney Rispoli speculated that appellate briefing to the Second Circuit will be completed around February 2025.

The lawyer added that the Second Circuit’s decision in the case could linger for about a year to February 2026. Furthermore, Rispoli said if the case goes up to the Supreme Court, the apex court could issue its ruling by February 2027 or later.

Consequently, Attorney Rispoli asserted that XRP will remain a non-security asset until at least February 2026.

3/3 Supreme Court decision–assuming it accepts review–would be Feb. 2027 or later. Bottom line is we’re LOCKED IN for #XRP-not-a-security (from a judicial perspective) until February 2026 at the earliest. @SECGov, as Adam Sandler would tell ya: pic.twitter.com/Lorw7iIk6g

— Fred Rispoli (@freddyriz) October 4, 2023

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• Source: https://thecryptobasic.com/2023/10/05/influential-voice-predicts-no-settlement-in-sec-v-ripple-lawsuit-deems-the-case-as-political/?utm_source=rss&utm_medium=rss&utm_campaign=influential-voice-predicts-no-settlement-in-sec-v-ripple-lawsuit-deems-the-case-as-political