Attorney Fred Rispoli provided a detailed response on social media regarding the upcoming April 16 deadline in the SEC v. Ripple litigation. The conversation began when user JD asked Rispoli, “@freddyriz so since the SEC hasn’t filed anything with the appellate court yet, what happens on 4/16?” Rispoli responded by pointing to April 16 as the due date for Ripple’s appellate brief. He shared two potential outcomes based on current circumstances. According to Rispoli, something is expected to occur on or before April 16. He noted that Ripple could not request an extension for this filing. In his view, there are two possible outcomes: either Ripple files the appellate brief, which he estimated has a ten percent likelihood, or there will be a notice of settlement or withdrawal of the appeal, which he assessed as having a ninety percent likelihood. His prediction indicates that a resolution would be reached without further appellate litigation, although no official action has yet been confirmed. On SEC v. Ripple, expect to see something happen on or before next Wednesday, 4/16, the due date for @ripple 's appellate brief. Ripple cannot get an extension and either has to file it (10%) or there will be a notice of settlement/withdrawal (90%). https://t.co/j9z0CpTBQo — Fred Rispoli (@freddyriz) April 9, 2025 Rispoli Clarifies the Nature of the “Agreement” Following Rispoli’s reply, another user identified as Scott commented , “Thought they agreed to withdraw appeals.” Rispoli clarified this point in a follow-up response. He explained that there had been an agreement “in the sense that” Ripple executives made a public statement about it , but emphasized that this was not accompanied by any official public communication from the SEC. Rispoli added that the agreement had likely involved “non-public, written assurances from the SEC,” but clarified that no official legal filing had yet been made to give effect to the public announcement. He stated that the SEC, in keeping with its protocol, had made no public declaration of the withdrawal. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 SEC Has Not Issued Public Confirmation Rispoli emphasized that, despite Ripple executives indicating a resolution had been reached, the SEC has not formally confirmed this through the appropriate legal channels. According to him, this is consistent with the SEC’s standard practice of remaining silent until official filings are made. As of now, no such filing exists in the appellate docket. Until a notice of settlement or withdrawal is publicly recorded by the court, the appellate process technically remains active. Speculation Over Political Timing Another user then speculated that the delay may be strategic, suggesting that “Instinct tells me that they are waiting for Paul Atkins to be confirmed, why let a great day 1 PR opportunity go to waste.” While Rispoli did not reply directly to that particular comment, the implication is that some observers believe political or public relations timing could be a factor in the official announcement or legal filings associated with the withdrawal of the appeal. The dialogue between users and Rispoli reflects a high level of attention paid to the procedural details of the SEC v. Ripple case, particularly the timeline of events surrounding the appellate process. Rispoli’s assessment, which strongly favors a conclusion to the appeal process in either a settlement or withdrawal, rests in part on the absence of SEC filings and the impending filing deadline for Ripple. At the time of the tweet, no formal withdrawal or settlement filing had been submitted to the court. All attention is now focused on April 16, the date by which Ripple is either required to submit its appellate brief or otherwise make public through legal channels that the matter has been resolved outside of court. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple vs SEC: Legal Expert Says Something Will Happen to XRP Case On or Before April 16 appeared first on Times Tabloid .
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