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<ul><li><ul><li><strong>The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) continues without a verdict after several months.</strong></li><li><strong>Rumors suggest that Ripple and the SEC are holding an undisclosed meeting on May 8, which could potentially lead to a settlement.</strong></li></ul></li></ul><h2 id="ripple-vs-sec-legal-battle-rumors-of-undisclosed-meeting-spark-speculation">Ripple Vs. SEC Legal Battle: Rumors of Undisclosed Meeting Spark Speculation</h2><p>The legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) <a href="https://www.ethnews.com/de/ripple-erzielt-sieg-in-xrp-klage-us-gericht-beschneidet-befugnisse-von-sec-und-cftc-bericht/" rel="noopener noreferrer nofollow">continues</a> without a verdict, despite estimates from the XRP community that a decision would be reached by the end of April. However, a recent rumor on Twitter suggests that an undisclosed meeting between Ripple and the SEC is scheduled for May 8, which has <a href="https://www.ethnews.com/de/ripple-auf-der-gewinnerseite-sec-erleidet-wichtigen-rueckschlag-in-xrp-klage/" rel="noopener noreferrer nofollow">sparked</a> speculation of a potential settlement.</p><h2 id="unconfirmed-rumor-of-meeting-fuels-speculation">Unconfirmed Rumor of Meeting Fuels Speculation</h2><p><a href="https://www.ethnews.com/de/ripple-stellar-und-iota-werden-billionen-markt-dominieren-da-die-iso-20022-verordnung-swift-ins-spiel-bringt/" rel="noopener noreferrer nofollow">According to</a> a tweet from the Twitter account Blockchain Daily, Ripple and the SEC are reportedly holding an undisclosed meeting on May 8. However, since the source is anonymous and unconfirmed, it should be taken with a grain of salt.</p><blockquote class="twitter-tweet"><p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley">JUST IN: REPORTEDLY RIPPLE AND SEC TO HOLD UNDISCLOSED MEETING ON MAY 8TH – UNCONFIRMED SOURCE <a href="https://t.co/LNrUVCloQ1" rel="noopener noreferrer nofollow">pic.twitter.com/LNrUVCloQ1</a></p><p>— Blockchain Daily (@blckchaindaily) <a href="https://twitter.com/blckchaindaily/status/1653082319975071764?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 1, 2023</a></p></blockquote><h2 id="xrp-community-attorney-john-e-deaton-believes-rumor-is-false">XRP Community Attorney John E. Deaton Believes Rumor is False</h2><p>While some are hopeful that a settlement <a href="https://www.ethnews.com/de/ripplenet-unterstuetzt-die-chinabank-bei-der-umwandlung-von-ueberweisungsdiensten-und-der-staerkung-der-finanzkraft/" rel="noopener noreferrer nofollow">could be reached</a>, XRP community attorney John E. Deaton believes the rumor is false. Deaton believes that a settlement would only come after a ruling by Judge Torres, and only if Ripple wins a big victory, allowing Gensler to save face and score a political victory through a settlement.</p><h2 id="potential-benefits-and-concerns-surrounding-settlement">Potential Benefits and Concerns Surrounding Settlement</h2><p>Under certain circumstances, Ripple <a href="https://www.ethnews.com/de/ripples-odl-und-xrp-explodieren-um-34-im-volumen-in-defi-und-zeigen-massives-wachstum-trotz-des-sec-rechtsstreits/" rel="noopener noreferrer nofollow">could</a> potentially benefit from a settlement after a potential victory against the SEC. It would depend on the decision and whether the SEC would appeal. Additionally, Ripple could be concerned about the regulatory safety of its partners. However, a settlement <a href="https://www.ethnews.com/de/ripple-xrp-und-die-zentralbank-von-montenegro-leiten-die-untersuchung-von-blockchain-anwendungsfaellen-von-zahlungen-bis-hin-zu-digitaler-identitaet/" rel="noopener noreferrer nofollow">would only be</a> necessary if Judge Torres does not already provide for it in her ruling.</p><h2 id="xrp-price-remains-unaffected-by-rumor">XRP Price Remains Unaffected by Rumor</h2><p>As of press time, the XRP price <a href="https://www.ethnews.com/de/ripple-xrp-revolutioniert-die-afrikanische-mikrofinanzierung-pyypl-startet-bahnbrechende-plattform-fuer-unternehmer-und-mikro-kmus/" rel="noopener noreferrer nofollow">has not reacted</a> significantly to the rumor, with XRP changing hands for $0.4657. The market does not seem to give the rumor much credibility.</p><p>In conclusion, the legal battle between Ripple and the SEC continues, with no verdict yet <a href="https://www.ethnews.com/de/ripple-am-abgrund-xrps-schicksal-haengt-in-der-schwebe-da-die-anhoerung-zur-klassenzertifizierung-bevorsteht/" rel="noopener noreferrer nofollow">reached</a>. While rumors of an undisclosed meeting between Ripple and the SEC on May 8 have sparked speculation of a potential settlement, XRP community attorney John E. Deaton believes the rumor is false. The potential benefits and concerns surrounding a settlement depend on the decision and whether the SEC <a href="https://www.ethnews.com/de/das-xrp-dilemma-von-ripple-und-der-juengste-schritt-der-sec-eine-regulatorische-achterbahnfahrt-fuer-den-kryptowaehrungssektor/" rel="noopener noreferrer nofollow">would appeal</a>.</p><p>As of press time, the XRP price <a href="https://www.ethnews.com/de/ripple-oekosystem-explodiert-groesste-e-commerce-plattform-uebernimmt-nahtlose-xrpl-zahlungsintegration/" rel="noopener noreferrer nofollow">remains</a> unaffected by the rumor.</p><div class="cryptoboxes" id="mcw-12299"><div class="mcw-chart mcw-chart-light"></div></div><p>The post <a href="https://www.ethnews.com/ripples-hush-hush-talks-with-sec-xrp-lawsuit-nearing-a-conclusion-price-could-explode-within-seconds/" rel="noopener noreferrer nofollow">Ripple’s Hush-Hush Talks with SEC: XRP Lawsuit Nearing a Conclusion? Price Could Explode Within Seconds</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews: Bringing you the news of everything blockchain, Ethereum, and the internet.</a>.</p>

Ripple’s Hush-Hush Talks with SEC: XRP Lawsuit Nearing a Conclusion? Price Could Explode Within Seconds

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