The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is heading toward a potential resolution, with legal observers anticipating a major development within days.
Attorney Fred Rispoli, who has followed the case closely, tweeted that the public should “expect to see something happen on or before next Wednesday, 4/16,” marking a significant moment in the case’s timeline.
Ripple faces a key deadline on April 16 to file its appellate brief in the ongoing SEC lawsuit. According to Rispoli, there is only a 10 percent chance Ripple will need to file that brief. He suggested that a notice of settlement or withdrawal of the SEC’s appeal is far more likely, estimating it at 90 percent.
The SEC has not yet made any official filing with the appellate court, increasing speculation that discussions between the two parties may have already resulted in an agreement. Ripple executives have confirmed that the SEC has agreed in principle to return $75 million of the $125 million penalty imposed last year.
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
If finalized, this would leave Ripple with only a $50 million payment to close the case.
Also Read: Here’s Why XRP Price Jumped By 12% Suddenly, Will It Sustain?
SEC Meeting and Ripple Deadline Could Shape the Case Outcome
The SEC has scheduled a closed-door meeting for April 10, just six days before Ripple’s legal brief is due. That meeting is widely viewed as a critical moment for the agency to decide whether it will continue pursuing its appeal or move toward finalizing a settlement.
The appeal itself concerns whether Ripple’s sales of XRP tokens on public exchanges violated federal securities laws. A judge previously ruled that those sales did not constitute securities offerings, a decision seen as a major legal win for Ripple.
Rispoli also noted that SEC Commissioner Atkins’ confirmation may be completed before the April 16 deadline. His addition could influence the internal dynamics of the agency’s decision-making process during the scheduled meeting.
The XRP community has been closely monitoring developments, interpreting the silence from the SEC as a possible signal of behind-the-scenes resolution. Investors and legal analysts are awaiting official confirmation that could bring the years-long dispute to a close.
Conclusion
With Ripple’s appellate brief deadline approaching and a key SEC meeting this week, the stage is set for a pivotal moment in the lawsuit. Attorney Fred Rispoli’s comments have reinforced expectations that a settlement or withdrawal could arrive any day, potentially marking the end of a case that has had major implications for the crypto industry.
Also Read: Here’s What’s Next For XRP as Trump Halts Tariff Plan
