Fred Rispoli, senior managing associate at Hodl Regulation, has shared his up to date view on the XRP lawsuit between Ripple and the US Securities and Trade Fee (SEC) by way of X (previously Twitter). This up to date prediction comes after the SEC gained a partial victory within the lawsuit.

As Bitcoinist reported, the US district court docket, beneath Choose Sarah Netburn, has ordered Ripple to reveal its monetary statements for the years 2022-2023. This ruling goals to light up Ripple’s monetary actions after the abstract judgment, significantly specializing in the implications of its contracts and institutional sales.

The court docket has dismissed Ripple’s issues over the potential for a “mini-trial,” underscoring the importance of those paperwork in figuring out the required injunctions and civil penalties. Rispoli’s response to this improvement displays a mixture of shock and recalibration of expectations.

XRP Lawsuit: Ripple Is Nonetheless A Lengthy Approach From Full Victory

Rispoli expressed, “My Updated Thoughts: Well, shoot. I was hoping SEC was moving on to other pastures but I guess not. There is still a chance that SEC eventually concedes after the final order on damages (remember that’s probably coming mid-summer) but I’m starting to feel this is getting appealed. Again, an order from the 2nd Cir. doesn’t happen until mid-2026 […].”

He additional elaborated on the implications of the court docket’s choice, emphasizing that the SEC’s pursuit of Ripple’s monetary disclosures and the deal with post-complaint gross sales have elevated the importance of the damages portion of the case. Rispoli critiques Ripple’s technique in contesting the invention, suggesting that transparency of their post-complaint gross sales might have precluded future litigation on these transactions.

“I didn’t really understand why Ripple fought the discovery (see below) because keeping it hidden would allow the SEC to sue Ripple on post-Complaint sales at a later time,” Rispoli stated by way of X. He suggested that Ripple ought to have proactively structured any gross sales to fall outdoors the purview of the court docket’s order instantly after it was issued.

Anyway, Ripple ought to have instantly structured any gross sales in a approach it believed took these gross sales outdoors the scope of the MSJ order the second the order got here out. We’ll see how effectively it did that within the upcoming briefing.

The lawyer’s evaluation signifies that the SEC is aggressively focusing on Ripple’s operational practices with the intention of imposing stringent restrictions, probably threatening the corporate’s institutional operations. “This whole briefing is going to focus on Ripple’s current operations and how they are different from what got whacked in the MSJ. The stakes are still very high (for Ripple not XRP) unfortunately,” Rispoli said.

At press time, XRP traded at $0.50224.