SEC’s Appeal in Ripple XRP Lawsuit Might by in 2026, Says Attorney Fred Rispoli

The Ripple VS. SEC lawsuit is taking a different turn than expected. Ripple is requesting to stay the $125 million penalty payment to the SEC. This unexpected twist has sparked debate among XRP community members, with many speculating an SEC appeal might be imminent.

Some worry that dragging the lawsuit longer than necessary will impact Ripple's future and the price of XRP. However, pro-crypto attorney Fred Rispoli has downplayed these concerns, saying an appeal ruling won't come until 2026, minimizing the impact on XRP.

Attorney Says Don't Fret Over Possible SEC Appeal

Despite the widespread concerns over a potential appeal in the Ripple VS. SEC lawsuit, prominent lawyer Fred Rispoli said there's no need to fear. In an X post, He noted that even if the SEC appeals the case, the ruling won't come until 2026. This timeline will give Ripple and XRP room to breathe, reducing the possible impacts of the lawsuit.

In addition, Rispoli said the recent SEC lawsuits and securities allegations against multiple exchanges have downplayed the significance of an appeal.

The lawyer noted that if XRP or Ripple were to face difficulties now, it wouldn't be because of the SEC appeal. This statement suggests that other factors could influence Ripple and XRP's future trajectory more significantly than an SEC appeal.

To those freaking out over possible SECvRipple appeal: Don't. There won't be a ruling until 2026. SEC suing exchanges and alleging multiple tokens are securities has lessened the sting dramatically. If Ripple and/or XRP don't make it now, it's not because of the SEC's case," Rispoli stated.

Further, Rispoli said the possibility of the SEC appealing the case has increased as both parties reached a consensus regarding the $125 million judgment.

According to a September 4 filing, Ripple requested an order to stay 111% of the $125 million, which is $139 million. The stay order will remain valid until 30 days following the 60-day appeal deadline, which started counting from the August 7 final judgment.

Also, the amount will accumulate post-judgment interest in favor of the SEC. The money will be released to the SEC upon the conclusion of the appeal process or 30 days after the appeal deadline elapses. Moreover, the SEC consented to the request, hinting at a possible appeal.

The Ripple filing came after the firm's CEO, Brad Garlinghouse, dismissed fears of a potential SEC appeal during Korea Blockchain Week. Garlinghouse said the SEC can't challenge the core ruling, which stated that XRP is not a security, even if it chooses to appeal the lawsuit.

Ripple XRP Price Action Amid SEC Appeal Concerns

XRP's price trajectory over the coming days will likely depend on the SEC's move in the Ripple lawsuit. There are fears that an SEC appeal will impact the token's price negatively, pushing the price below $0.40.

However, if the SEC doesn't appeal the ruling, XRP could rally near $1.00. This move will be similar to its response to Judge Torres' ruling on the programmatic XRP sales last July.

Respoli believes the SEC appeal won't impact XRP. Instead, other factors would largely influence the token's future. However, XRP hasn't reacted to recent positive strides in the XRPL ecosystem.

Despite the recent announcement about introducing smart contracts to the XRPL and the launch of the RLUSD stablecoin, XRP's price remains stuck around the $0.5 threshold.

2/ Ripple and the broader XRP community are committed to bringing new programmability, including smart contracts, to the XRPL dev ecosystem in 2025 - through the XRPL EVM sidechain (already in the works) as well as exploring native capabilities on XRPL Mainnet....

- Ripple (@Ripple) September 3, 2024

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