Lawyer Fred Rispoli has openly criticized Ripple’s CEO, <a href="https://www.cryptoknowmics.com/news/ripple-ceo-brad-garlinghouse-predicts-inevitable-xrp-etf-approval/" target="_blank" rel="noopener">Brad Garlinghouse</a>, and executive chairman, Chris Larsen, for settling part of the SEC’s charges instead of fully fighting them in court. Rispoli argues that Ripple missed a significant opportunity to defend itself, especially against the “aiding and abetting” claims. According to Rispoli, Ripple had a strong case, and a complete trial could have worked in their favor, as he believes the SEC lacked solid evidence.

[embed]https://twitter.com/freddyriz/status/1847370681396371619[/embed]
<h3>Missed Opportunity for Key Witnesses</h3>
Rispoli also pointed out that by settling, Ripple missed the chance to call key witnesses, like former SEC chairman Jay Clayton, to testify. This could have shed light on how the SEC views cryptocurrencies, such as XRP, and potentially strengthened Ripple’s defense. Testimonies from such figures might have also set a precedent that could benefit other crypto companies facing similar legal challenges.
<h3>Ripple’s Cross-Appeal Strategy</h3>
[embed]https://twitter.com/EleanorTerrett/status/1847353374733160598[/embed]

In response, Ripple is filing a cross-appeal to challenge parts of a 2023 court ruling. While the judge ruled that XRP sales to retail investors were not securities, the SEC continues to push against aspects related to institutional sales. Ripple’s legal chief, Stuart Alderoty, expressed confidence in their case, stating that it looks even stronger now. This has kept XRP in a stable market position, free from immediate regulatory threats, which is promising for its future.
<h2>XRP Market Outlook</h2>
XRP recently traded around $0.55, with a slight gain of less than 1%. The ongoing SEC appeal doesn’t challenge XRP’s status as a non-security for retail investors, maintaining legal clarity. With technical indicators suggesting potential growth, XRP could rise by 10%, aiming for a target price of $0.60.

<em><strong>Disclaimer: </strong></em>The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Ripple CEO Criticized for Settling SEC Charges

Ripple CEO faces criticism for settling SEC charges. XRP remains strong with potential 10% rise, while legal clarity keeps investors hopeful.

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more
than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Ripple CEO Criticized for Settling SEC Charges

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