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Rispoli Analyzes the Appeals Timeline and Potential Outcomes

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2 months ago

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The SEC vs. Ripple Labs fight is getting more heated and attorney Fred Rispoli said one of the possible outcomes of this saga could be Ripple winning. However, now the SEC wants to extend the time of filing its principal brief until January 15, 2025.

Most recently, an attorney Fred Rispoli explained, “The SEC often seeks continuances not only because it wants to delay things but because it can be very stretched thin by all the cases it has pending.”

Rispoli: Ripple Appeal Hinges on Paperwork, Not Trial

Appearing as a guest on the ‘Good Morning Crypto Show’, Attorney Fred Rispoli clarified that appeals are essentially a matter of paperwork without new trials or evidence. Each side files three core documents: the opening brief, an opposition brief, and a reply brief.

In this case, the appeal includes the SEC’s and Ripple’s cross-appeal. After these filings, the court will schedule oral arguments. This shoud allow each side to present their case before a panel of three judges.

The SEC has also filed a request for a deadline for its principal brief in its appeal case against Ripple.

Fred Rispoli stated that the SEC’s request for an extension aligns with his projected timeline for the appeal. He expects oral arguments, likely in September or October 2025, to provide early clues on the judges’ stance. These first impressions could hint at the final outcome of the case.

These dates could shift further, though, if more extensions are allowed, something that usually happens within the Ninth Circuit.

Amicus Briefs Taking Center Stage in Crypto Cases

Amicus briefs, said Rispoli, will play an essential role in the appeal. The filing by third parties may bring new insights that could affect the case. He said the appellate judges should take those seriously, especially because they’re more likely to be more numerous and impactful than at the district court level.

An amicus brief – a “friend of the court” brief – is filed by third parties not directly being part of the case. It is to provide policy insights or additional context for specific arguments. Quite often, this shapes high-stakes decisions. An amicus brief is quite common in Supreme Court cases. Most trial and federal appellate cases do not involve amicus briefs.

However, crypto litigation has bucked that trend. Just for comparison, there were 14 amicus briefs in the case by Ripple, six in Coinbase’s case, and, in Grayscale’s case, eight entities filed briefs.

Could Gensler’s Departure Change the Fate of Crypto?

Rispoli, a vocal critic of SEC Chair Gary Gensler, also recently suggested that a change in leadership could significantly impact crypto regulation. He speculated that Gensler is “almost assuredly” on his way out, regardless of the 2024 election’s outcome, making the choice of his successor pivotal for the industry’s future.

When asked if new legislation could render the SEC’s appeal moot, Rispoli explained that a clearly defined law would likely have that effect.

If Congress passes crypto legislation by year’s end, effective from January 1, 2025, Ripple’s legal team would file a notice of supplemental authority with the Second Circuit, arguing the new law’s relevance to their case.

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Teuta

Teuta is a seasoned writer and editor with over 15 years of experience in macroeconomics, technology, and the cryptocurrency and blockchain industries. Starting her career in 2005 as a lifestyle writer for Cosmopolitan in Croatia, she expanded into covering business and economy for several esteemed publications like Forbes and Bloomberg. Influenced by figures like Don Tapscott and Bruce Dickinson, Teuta embraced the blockchain revolution, believing crypto to be one of humanity’s most crucial inventions. Her fintech involvement began in 2014, focusing on crypto, blockchain, NFTs, and Web3. Known for her excellent teamwork and communication skills, Teuta holds a double MA in Political Science and Law, enjoys punk rock, chablis, and has a passion for shoes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Accurate Indicator Hints Bitcoin’s Top Is Near

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6 hours ago

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January 8, 2025

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Bitcoin is the most dominant cryptocurrency, and its performance alone is significant enough to signal the future of the entire market. Presently, BTC is under correction, but an accurate indicator confirms it is near the top. Let’s discuss the findings of the indicators and when the BTC price will hit the top.

Pi Cycle Indicators Predict the Bitcoin Price Top

The Pi Cycle indicator is an accurate indicator that successfully forecasts the Bitcoin price at the top. It has accurately predicted the top in 2013, 2017, and 2021; the next might be 2025. Pi cycle analysis depends on the 111-day moving average (111DMA) and 350-day moving average multiples by 2, where the intersection of these two moving averages predicts the cycle tops.

Now, after the ongoing BTC price struggle amid the crypto market crash, this tool hints at the top, keeping the investor’s confidence strong amid the crash. The crypto market signals that the BTC top will likely happen in the mid-to-end period of 2025. Although the timeline could vary, the historical result confirms the top formation within days of peak prediction.

Cryptocurrency Peak Prediction: BTC Top To Form on September 17, 2025

The latest Pi cycle top prediction reveals that the next crossover will occur on September 17, 2025, resulting in the BTC market peak. This BTC prediction for 2025 is based on its exponential growth ever since its formation, where the Pi chart indicator has forecasted the peak with 111 DMA and 350 DMAx2 coinciding on the charts on this date.

With high accuracy and historical proof, the next BTC top will form on September 17, but the exact value of the top is unclear for now. Some suggest it could cross six figures based on historical growth patterns, global adoption, and Donald Trump’s presidency.

Bitcoin price predictionBitcoin price prediction

What You Should Do?

The pi cycle indicator is a famous BTC top indicator that has accurately predicted the peak multiple times. Now, recent reports show that the BTC top will form on September 17, 2025, potentially pushing this digital asset’s price to six figures for the first time in history. Although the BTC price formed massive peaks with Donald Trump’s win, the consolidation frequency increased as Trump’s inauguration approaches.

The market crash has halted the Bitcoin price surge, currently trading at $95k. Arthur Hayes’s prediction hints at a market peak in March, but investors should stay cautious and conduct their own technical analysis before investing.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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BlackRock Bitcoin ETF (IBIT) Sees $597M In Inflow, Saves the Day

Published

9 hours ago

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January 8, 2025

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BlackRock’s iShares Bitcoin ETF (IBIT) recorded over $597 million in inflow on Tuesday. The BlackRock Bitcoin ETF saves the day for the bleeding crypto market after investors turned cautious with strong US JOLTS job openings and ISM Services PMI data.

The spot Bitcoin ETF in the United States saw a net inflow of $53.46. Bitcoin ETFs by Fidelity, Bitwise, Ark 21Shares, Franklin Templeton, and Grayscale recorded outflows.

BlackRock Bitcoin ETF Saw Inflow Despite Crypto Market Crash

BlackRock’s iShares Bitcoin ETF (IBIT) purchased 6,078 BTC worth $208.7 on January 7, while miners only mined 450 new BTCs. IBIT recorded an inflow of $597.18 million, as per Trader T data.

This makes the third consecutive inflow into IBIT despite a major selloff in the crypto market. Notably, US Bitcoin ETF saw an inflow of $978.6 million on Monday, sparking optimism as the flagship crypto soared past the $102K mark.

Meanwhile, Fidelity’s FBTC, Bitwise’s BITB, and Ark Invest’s ARKB saw outflow of $86.29 million, $113.85 million, and $212.55 million, respectively. Also, Franklin EZBC saw a $5.58 million in outflow.

Grayscale’s GBTC also witnessed an outflow of $125.45 million. Flows were zero for Invesco, Valkyrie, VanEck, and Grayscale Mini.

ImageImage

According to Farside Investors, the total net inflow for Bitcoin spot ETFs reached $52.4 million. The iShares Bitcoin Trust by BlackRock saw a net inflow of $596.1 million. Whereas, other ETFs experienced varying degrees of outflow.

Spot Bitcoin ETF InflowSpot Bitcoin ETF Inflow
Source: Farside Investors

Bitcoin and Crypto Market Crash On Macro Concerns

According to the U.S. Bureau of Labor Statistics, the JOLTS jobs openings increased by 259,000 to 8,098 million in November 2024, Also, ISM Services PMI came in higher than expected, which shows the resilience of the U.S. economy currently. This caused Bitcoin price to crash by more than 5%.

In fact, the US dollar index (DXY) holds its advance above 108.50 today, after a two-day low move that caused a recovery in Bitcoin price. Also, the 10-year US Treasury yield increased to a 35-week high of 4.68%. The strong US economic data reduced expectations for further rate cuts by the Federal Reserve.

Whereas, BTC price continues to fall despite better performance by BlackRock Bitcoin ETF. The price currently trades at $96,259. The 24-hour low and high are $96,132 and $102,022, respectively. Furthermore, the trading volume has decreased by 23% in the last 24 hours.

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Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.

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Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple CEO Brad Garlinghouse Confirms Mar-a-Lago Meeting with Donald Trump

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13 hours ago

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January 8, 2025

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Ripple CEO Brad Garlinghouse revealed on social media that he recently had dinner with former President Donald Trump and Ripple’s Chief Legal Officer, Stuart Alderoty.

The meeting that happened at Trump’s Mar-a-Lago resort is an important beginning to the year 2025 for Ripple especially with the current changes happening in the cryptocurrency market.

Ripple CEO and CLO Meeting with Donald Trump

On Monday evening, Ripple CEO Brad Garlinghouse revealed his meeting with Donald Trump and Stuart Alderoty on the platform X (previously Twitter). “Had a great dinner last night with @realDonaldTrump & @s_alderoty. ”Great start to 2025!” he posted indicating that things are looking good for Ripple.

Stuart Alderoty, Ripple’s legal head, also commented on the event, joking about the dinner’s menu: “The beef bourguignon was really good.”

The dinner at Mar-a-Lago takes place at a time when Ripple has been building up its steam with wins against the U.S Securities and Exchange Commission (SEC) in court.In line with the optimism, crypto analysts have provided bullish signals for XRP, some of whom have forecasted a price surge to $3.

John Deaton Breaks Silence on Ripple CEO Meet Up

Ripple has recently come into the limelight for its legal victory against the SEC where the latter had alleged that the company and Garlinghouse sold unregistered securities via XRP. The lawsuit that lasted for more than two years concluded with the victory of Ripple, which opened up new possibilities for the future of the cryptocurrency market.

John E. Deaton, a pro XRP lawyer and following the case commented on X that Ripple’s win means that the company has remained unshaken. He also pointed to the SEC’s aggressive approach in the litigation process, which involved serving Garlinghouse with personal subpoenas to produce financial information.

”Ripple and Brad disclosed every XRP transaction that has ever taken place, but the SEC acted misconduct when it came to discovery,” Deaton said. However, Ripple has come out even stronger, suggesting that more positive outcomes are in the offing for the company and the sector as a whole.

Cynthia Lummis Chats With US SEC Potential Chairman

Ripple CEO, Brad Garlinghouse has also noted recent expansion of Ripple’s activities within the United States which shows that the focus has shifted back to the domestic market.He disclosed that three quarters of the new positions at Ripple are based in the United States, something that was not the case in the past given the company’s focus on the international market.

Furthermore, the company signed up more US business contracts in the last six weeks of the year 2024 than it had in the six months prior to that period.

The dinner comes after several meetings between politicians and crypto enthusiasts. U.S. Senator Cynthia Lummis, an advocate for blockchain technology, has also been engaging with Paul Atkins, the man expected to be named SEC chairman by President-elect Trump. These discussions focus on the need to reform the SEC’s rule making process and to advance the use of digital assets.

Ripple’s Growing Market Influence

Ripple is also coming up strongly in the blockchain space with new products being introduced. Ripple President Monica Long stated that the stablecoin, RLUSD, which was recently launched, is expected to be listed on multiple platforms.

At the same time, the company has joined Chainlink to work on the integration of secure and accurate pricing of RLUSD into the DeFi ecosystem.

In these developments, Ripple has witnessed a rise in its valuation due to the increased prices of XRP and the increasing adoption of its solutions. Ripple CEO Brad Garlinghouse has earlier stated that the $11 billion valuation of the company is quite dated given the current situation.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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