Million

<p>The legal battle between Ripple and the SEC regarding the status of XRP as a security is far from over, even after multiple partial victories. In an effort to end this 3-year battle, the court has ordered both parties to consider a settlement and to negotiate the terms of such an agreement. To this end, several meetings have been organized by both parties. One of them is taking place today.</p>
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     <p lang="en" dir="ltr">Ripple v. SEC: Could today bring a resolution to the XRP dispute? <a href="https://twitter.com/hashtag/xrp?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#xrp</a> <a href="https://twitter.com/hashtag/xrparmy?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#xrparmy</a> <a href="https://twitter.com/hashtag/xrpcommunity?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#xrpcommunity</a> <a href="https://twitter.com/hashtag/xrpl?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#xrpl</a> <a href="https://twitter.com/hashtag/xrpledger?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#xrpledger</a> <a href="https://twitter.com/hashtag/xrpthestandart?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#xrpthestandart</a> <a href="https://twitter.com/hashtag/ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ripple</a> <a href="https://twitter.com/hashtag/ripplesec?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ripplesec</a> <a href="https://twitter.com/hashtag/xrpsec?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#xrpsec</a> <a href="https://twitter.com/hashtag/xrpcase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#xrpcase</a> <a href="https://twitter.com/search?q=%24xrp&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$xrp</a> <a href="https://t.co/jHElYAPO72" rel="noopener noreferrer nofollow">https://t.co/jHElYAPO72</a></p>— U.Today (@Utoday_en) <a href="https://twitter.com/Utoday_en/status/1730171574291185952?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 30, 2023</a>
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  Ripple vs. SEC: Resolution for today?
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<h2 id="h-a-closed-door-meeting-to-discuss-settlement-terms">A Closed-Door Meeting to Discuss Settlement Terms</h2>
<p>As part of the potential settlement between Ripple and the SEC, both parties are due to have a closed-door meeting. This will take place under the <strong>Sunshine Act meetings</strong>. The meeting scheduled for November 30 will allow both sides to discuss a number of issues.</p>
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<p>Among the topics expected to be discussed at this closed-door meeting are:</p>
<ul>
 <li><strong>the institution and settlement of administrative proceedings,</strong></li>
 <li><strong>the institution and settlement of injunction actions,</strong></li>
 <li><strong>litigation-related matters,</strong></li>
 <li><strong>the resolution of litigation claims.</strong></li>
</ul>
<p>This is in addition to other issues related to review and enforcement procedures.</p>
<h2 id="h-the-sec-demands-770-million-from-ripple">The SEC Demands $770 Million from Ripple</h2>
<p>Early discussions of a settlement between Ripple and the SEC surfaced <strong>about a month ago</strong>. Even more interesting was the amount that the regulator was demanding. The SEC had required the payment of a $770 million fine. A measure to which Ripple, of course, objected.</p>
<p>According to <a href="https://bitcoinist.com/ripple-meeting-with-sec-today/" target="_blank" rel="noopener noreferrer nofollow">legal experts</a> such as pro XRP lawyer John Deaton, Ripple is likely to negotiate this figure downwards. Admittedly, there’s no doubt that a fine must be paid as part of the settlement. But <a href="https://www.cointribune.com/en/ripple-vs-sec-john-deaton-sexprime-enfin-2/" target="_blank" rel="noopener noreferrer nofollow">Deaton</a> believes any amount under $20 million would be <strong>a total victory for Ripple</strong>. Pro XRP attorney Jeremy Hogan also stated that the crypto firm would bring the settlement figure down to less than $100 million.</p>
<p>At any rate, crypto analysts agree on one thing: Ripple and the SEC could reach a resolution by July 2024. By then, the settlement could well be concluded!</p>

Ripple vs. SEC Case: Both Parties in Talks

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