Ripple (XRP) Case May Be Nearing Its Conclusion: New Clues Suggest Reduced Fines and Commodity Classification

Andrew, who often discusses crypto, finance, and business in a latest X post shared that two SEC sources suggest that the Ripple case may be nearing its conclusion

Two SEC sources suggest that the Ripple case may be nearing its conclusion, with some key expectations.

XRP is likely to be considered more seriously as a commodity, which will shift its legal standing and market treatment.

The fine Ripple faces is expected to be significantly reduced, presenting a much lighter penalty than initially anticipated.

New SEC leadership now understands the broader significance of this case and that their decision will shape future cryptocurrency regulations.

The outcome of this case could have lasting implications for the entire crypto market, potentially reshaping how digital assets are regulated in the U.S.

Attorney Fred Rispoli reacted to the post saying that he doesn’t believe Andrew’s sources when they have negative things to say about XRP, but he does believe them when they are positive.

“That’s not hypocrisy. It’s unbridled hope.”

Crypto lawyer Bill Morgan reacted to Andrew’s post and remarked that while the first and third points make sense, the injunction is still a problem.

While Judge Torres’ ruling suggests that XRP could be seen as a commodity, however the permanent injunction limits Ripple’s ability to sell XRP to U.S. institutions, which creates uncertainty around that aspect.

Recently, FOX Business journalist Eleanor Terrett had hinted that the Ripple lawsuit could be coming to an end soon. This comes as the SEC works to freeze or end legal actions against other crypto companies like Coinbase (NASDAQ:COIN), Binance, Uniswap (NYSE:COIN) and Consensys. Several crypto experts reacted to the report.

Crypto expert Yassin Mobarak, founder of Dizer Capital, stated that probably for Ripple, a $125 million fine is no problem at all, as they could easily pay it. He highlighted that the biggest issue is the injunction, which will ultimately decide if the lawsuit is settled or not. Mobarak believes that Ripple is negotiating to get the injunction part lifted, which currently blocks them from selling XRP to institutions in the U.S.