Lawyers React as Expert Predicts Outcome of the SEC Vs. Ripple Lawsuit

Highlights:

• An expert predicted a favorable outcome for XRP in the SEC vs. Ripple lawsuit, prompting crypto lawyers’ reactions.
• He said XRP will gain more recognition as a commodity other than its previous security asset tag.
• The expert also mentioned that the court will greatly reduce the earlier $125 million fine imposed on Ripple.

On March 17, Andrew AP Abacus, co-founder of Arch Public, tweeted that two unnamed Securities and Exchange Commission (SEC) sources have revealed that the SEC vs. Ripple lawsuit will end soon. Abacus also highlighted some expected outcomes following the lawsuit termination.

According to Abacus, the lawsuit termination will be crucial in shaping XRP’s future. He said XRP will gain more recognition as a commodity, moving past its security classification that has significantly hampered its adoption. He also predicted the settlement would slash Ripple’s initial $125 million fine. In August 2024, District Judge Analisa Torres of the Southern District of New York imposed a $125 million fine on the payment platform.

In a recent disclosure, Ripple expressed dissatisfaction with the ruling. It argued that paying the fine implies guilt on all SEC charges. Ripple also claimed that the new SEC leadership dropped charges against other crypto platforms. Hence, it expects a similar treatment.

Beyond those points, Abacus stated that the current SEC leadership knows the significance of the SEC vs. Ripple lawsuit. He added that the regulatory agency’s approach to the case could shape the future of US crypto regulation.

UPDATE: *two* SEC sources believe @Ripple case is very close to ending. Some expected outcomes:

• “expect $XRP to get serious commodity consideration.”
• “greatly reduced fine; GREATLY reduced”
• “new leadership knows this case and how they handle it is a big deal;…

— Andrew (@AP_Abacus) March 17, 2025

Legal Experts React to Abacus’ Claims on the SEC Vs. Ripple Lawsuit

Abacus’ claims attracted widespread reactions from the crypto community members, including renowned legal experts like Bill Morgan, Fred Rispoli, and John Deaton. Many X users dismissed Abacus’ claims, citing its lack of credible sources. Others called it unnecessary hype meant to boos XRP trading interest.

Fred Rispoli said he believes Abacus’ claims. He tied his belief to confidence in the lawsuit wrapping up soon. The lawyer wrote: “When Andrew’s sources are negative to $XRP, I don’t believe them. When they are positive, I do. That’s not hypocrisy. It’s unbridled hope.”

When Andrew’s sources are negative to $XRP, I don’t believe them. When they are positive, I do. That’s not hypocrisy. It’s unbridled hope.

— Fred Rispoli (@freddyriz) March 17, 2025

Unlike Rispoli’s statement, Morgan expressed doubts about parts of Abacus’ claims. He said the first and third points seemed plausible. However, he warned the court’s role could still complicate things.

Morgan stated:

“The reasoning of Judge Torres in the summary judgment decision is consistent with the XRP token being classified in any regulatory framework as a commodity, but the permanent injunction clouds Ripple sales of it to institutions in the USA.”

XRP lawyer John Deaton was another prominent attorney who reacted to Abacus’ tweet. However, his response—a pair of eyes emoji—conveys possible surprise and skepticism.

The Future Appears Bright for XRP Following a US Lawmaker Statement

In a short video clip, Senator Tom Scott, a lawmaker, revealed that the United States will lead global digital assets innovation for years ahead. He added that this was part of Trump’s election campaign promises, and the government remains committed to delivering them.

🚨 BREAKING:

SENATOR TIM SCOTT SAYS: „THE UNITED STATES WILL BE THE COUNTRY THAT LEADS DIGITAL ASSET INNOVATION FOR GENERATIONS TO COME!“ 🇺🇸#XRP IS THE NO. 1 DIGITAL ASSET MADE IN THE U.S. BY MARKET CAP! 🥇 pic.twitter.com/HnBFqgRlkh

— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) March 17, 2025

Meanwhile, XRP is the most valuable made-in-U.S. crypto asset. Traders are optimistic that Scott’s digital assets innovation push will boost XRP, setting the stage for price growth. At the time of press, XRP is changing hands at about $2.34, reflecting a 1.9% upswing in the past 24 hours.