Spot XRP ETF not to be directly affected by court dismissal of Ripple-SEC joint motion, says pro-Ripple attorney

Analisa Torres, a judge of the U.S. District Court for the Southern District of New York, has once again rejected a joint motion from Ripple (XRP) and the U.S. Securities and Exchange Commission (SEC), according to U.Today. Despite this, Fred Rispoli, an attorney that supports Ripple, reckons this would not pose a direct threat to the approval of a spot XRP ETF. In Rispoli's view, the dismissal would not impact XRP's status on the secondary market, which is the key factor that influences ETF approval. In addition, the injunction against XRP selling only matters if the SEC wants it to, Rispoli noted, adding that the SEC could opt not to enforce the restrictions. What matters most, Rispoli stressed, is actually whether new SEC Chairman Paul Atkins is already geared up to reform current crypto regulation.