Surprise Revelation: XRP Lawsuit Is on the Cusp of Conclusion, New Clues Emerge on Possible Outcomes

In a surprising revelation, Andrew AP Abacus, co-founder of Arch Public, disclosed that the XRP lawsuit is on the cusp of conclusion.

In a surprising revelation, Andrew AP Abacus, co-founder of Arch Public, disclosed that the XRP lawsuit is on the cusp of conclusion. Citing two sources within the Securities and Exchange Commission (SEC), the expert outlined several possible outcomes for the Ripple vs SEC case.

Notably, AP Abacus’ predictions drew skeptical responses and raised eyebrows from legal experts John Deaton, Bill Morgan, and Fred Rispoli. Let’s dive into the experts’ reactions and explore their implications for Ripple’s future.

XRP Lawsuit Nears Endgame: Experts React

Recently, Arch Public co-founder Andrew AP Abacus took to X to share insights on the imminent resolution of the prolonged XRP lawsuit. He stated, “*two* SEC sources believe @Ripple case is very close to ending.”

Significantly, the potential conclusion of the Ripple vs SEC case is a long-standing debate. AP Abacus’ recent post added fuel to the fire, generating both optimism and skepticism. While many community members remain optimistic, legal experts and XRP lawyers raise eyebrows. For instance, pro-XRP attorney John Deaton’s simple reaction gained attention as he posted a pair of eyes emoji, conveying his surprise and skepticism.

Easily put, pro-XRP lawyer John Deaton is skeptical of predictions about the imminent conclusion of the XRP lawsuit.

After another expert claimed that two SEC sources mentioned the case being close to an end, Deaton reacted with a pair of eyes emoji.

The experts are skeptical of predictions about the imminent conclusion of the XRP lawsuit.

After another expert claimed that two SEC sources mentioned the case being close to an end, Deaton reacted with a pair of eyes emoji.

This reaction comes after a post by AP Abacus, co-founder of Arch Public, on X (formerly Twitter) sparked discussion among the XRP community.

In his post, AP Abacus shared a few possible outcomes of the case as it nears its conclusion. According to him, the US SEC may consider classifying the XRP token as a commodity. This possible classification could have a significant implication over the regulatory status of XRP.

Furthermore, AP Abacus stated that the Ripple may face a reduced fine in the XRP lawsuit. While the penalty imposed by Judge Analisa Torres is $125 million, a reduced fine could invoke a new turn in the Ripple vs SEC case. Interestingly, XRP advocacy platform All Things XRP had previously predicted a penalty reduction, assigning it a 30% probability.

In addition, the expert suggested that the US SEC’s new leadership recognizes the significance of this case and its potential to set a precedent for future regulatory decisions. This implies that the SEC may take a more cautious approach, ultimately benefitting Ripple.

AP Abacus’ post drew reactions from other legal experts. Notably, XRP lawyer Bill Morgan shared his mixed thoughts on the expert’s predictions.

While Morgan remains hopeful about some points, including XRP’s classification and the SEC’s cautious approach, he highlights a significant obstacle - the injunction- that needs to be addressed.

Meanwhile, legal expert Fred Rispoli shared a lighthearted message with a mix of humor, sarcasm, and optimism. He admits that he’s selective in believing AP Abacus’ sources.

Rispoli asserted that he would rather believe the positive updates while being skeptical of the negative. He attributes his selective skepticism to his “unbridled hope” for a favorable outcome, rather than hypocrisy. In other words, his optimism makes him receptive of positive news and more doubtful of negative outcomes.

Previously, Rispoli had dismissed delay discussions on the XRP lawsuit resolution, asserting that a settlement is simple and possible. However, he acknowledges that an indication of the case’s closure would be no new articles about it.