By Nermeen Nabil Khear 
TL;DR
-
Reports suggest Rippleās legal team is negotiating better terms for the $125 million penalty, with sources indicating that the case could soon be resolved.
-
Attorney Fred Rispoli speculates that a resolution or significant development might occur before Rippleās appellate brief deadline, which is scheduled for April 16.
The Case Could be Over Soon
Despite dismissing or pausing several lawsuits against crypto businesses in the past few months, the US Securities and Exchange Commission (SEC) continues to confront Ripple on the legal front.
The tussle dates back to December 2020, but lately, there has been increased speculation that its resolution might be just around the corner.Ā
Fox Business journalist Eleanor Terrett is the latest person to touch upon the matter. She recently revealed that two āwell-placed sourcesā told her that the lawsuit āis in the process of wrapping up and could be over soon.ā
According to her information, the delay in reaching an agreement is due to Rippleās legal team negotiating more favorable terms regarding the $125 million penalty that Judge Torres slammed the company with last summer.Ā
Terrett was told that the SECās new leadership had been thoroughly examining the case and is now āseemingly unsureā whether the company breached any rules. Recall that Judge Torres found that Rippleās institutional sales of XRP tokens violated federal securities laws.
āThereās no real playbook for this kind of thing which could explain why this case is taking longer to resolve than the rest. Stay tuned,ā the journalist concluded.
Resolution Before That Date?
Another person who gave his two cents is Fred Rispoli. Earlier this week, the attorney assumed that a mutual agreement or some kind of a settlement might occur before April 16. This date marks Rippleās scheduled filing of their appellate brief.
āAlthough there is no formal reason requiring it, it is reasonable to speculate that the SEC v. Ripple case is resolvedāor at least something significant happensābefore Rippleās filing deadline of April 16, 2025. Letās keep an eye on itā¦and hope,ā the lawyer said.
The final outcome of the case is likely to cause huge volatility for Rippleās native token. A ruling in the companyās favor could spark a bull run for XRP, whereas the opposite scenario might lead to a significant decline.Ā
The post Ripple v. SEC Lawsuit Update: Is a Game-Changing Resolution on the Horizon? appeared first on CryptoPotato.
Ā “The SEC itself is seemingly unsure whether any wrongdoing occurred,” one popular journalist stated.Ā Crypto Bits, Crypto News, Ripple, SECĀ
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.