Popular legal expert Fred Rispoli conveys an important message to American billionaire Elon Musk regarding the final decision in the SEC v. Ripple lawsuit.
According to an X post today, Attorney Rispoli suggested that Musk has a golden opportunity to legally express his defiance of the SEC following its partial defeat against Ripple.
As reported earlier, Judge Analisa Torres reduced the SEC’s excessive demand of nearly $2 billion to $125 million, ordering Ripple to pay the penalty within 30 days after her entry of final judgment.
Integrate XRP to X Payments
Reacting, Attorney Rispoli recommended that Musk integrates XRP into the payment network of his social media platform, X. According to him, this way, Attorney Rispoli believes the American entrepreneur can legally say “eff you” to the SEC.
Nonetheless, he advised Musk to seek the opinion of Adam Mehes, X’s in-house litigation leader, regarding this move. Interestingly, Attorney Rispoli speculated that Mehes would likely support integrating XRP into X Payments at this time.
No Plans to Officially Support Crypto on X Payments
Musk has been pushing to transform X (formerly Twitter) into an app equipped with relevant services. Part of this vision includes allowing users to manage their finances via a dedicated payment platform named X Payments.
Following Musk’s takeover as X owner, the company has made vital progress toward launching the payment system, including securing money transmitter licenses across 30 states in the U.S.
X Payments is expected to debut this year, initially supporting only fiat currencies. However, given the American businessman’s enthusiasm for top assets like Dogecoin (DOGE) and Bitcoin (BTC), there are speculations that he might consider integrating cryptos into X Payments in the future.
Nonetheless, there is no official confirmation or timeline regarding when this move will happen.
Ripple CEO Highlights Significance of SEC Decision
Meanwhile, the recently issued final judgment in the SEC v. Ripple case has been the major topic of discussion within the broader crypto community. Top crypto stakeholders have weighed in on the debate, highlighting how the verdict could impact the industry.
According to Ripple CEO Brad Garlinghouse, the final verdict marks the end of the SEC’s headwinds against the XRP community.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
