Legal expert Fred Rispoli counts reasons why SEC will back down on Ripple execs' lawsuit
First, Rispoli suggests that the SEC's initial decision to implicate Garlinghouse and Larsen might have been strategically aimed at pressuring Ripple into a less advantageous settlement, rather than a strong intention to litigate. Second, he points out that the prospect of key SEC figures such as Hinman and Clayton facing rigorous questioning in a trial could potentially backfire, creating an unfavorable scenario for the regulatory body.
I'm not sure it has humility, but I bet we can't find one instance of this happening previously under similar circumstances.Third, Rispoli questions the SEC's ability to establish the executives' recklessness in terms of institutional sales, especially considering their potential defense in light of the legality of programmatic sales.
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