**Ripple vs. SEC: Key Developments Anticipated**
The Ripple community is closely watching as April 16 approaches, the date when Ripple’s appellate brief is due. Legal expert Fred Rispoli estimates a 90% likelihood that Ripple will announce a settlement or withdrawal of the case, rather than filing the brief. This comes after CEO Brad Garlinghouse suggested the SEC had dropped its appeal, though the agency has yet to confirm this.
Rispoli noted that Ripple made the announcement without written assurances from the SEC, adding, “Nothing official has been done yet to effectuate the public announcement.”
In the latest courtroom developments, a filing by Justin W. Keener has stirred controversy. Submitted earlier this month, it requests Judge Analisa Torres to consider new evidence favoring Ripple. However, the SEC opposes this move, arguing it’s outside the District Court’s jurisdiction, improperly filed, and unnecessary. The agency recently enforced a $10 million penalty against Keener for acting as an unregistered penny stock dealer.
The Ripple community remains on edge as they await potential significant news on April 16.
