Credits

LBRY Credits

Coin

<ul class="news-points"> 
 <li>Cardano’s founder opposes the idea of a settlement between Ripple and SEC.</li> 
 <li>Pundits argued Ripple might be compelled to burn $20 billion worth of XRP in its escrow.</li> 
 <li>Speculation rises on a potential Ripple-SEC settlement as crucial case hearing dates approach.</li> 
</ul> 
Speculations about a potential settlement in the drawn-out legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) are rapidly gaining momentum as crucial dates for the case hearing loom. Of particular note, <a href="https://coinedition.com/ripple-and-sec-have-court-dates-slated-for-feb-mar-and-apr-2024/">February 12 marks the commencement</a> of a comprehensive examination of the remedies briefing in the SEC vs. Ripple case.&nbsp; 
With this date being two weeks away, some crypto community members <a href="https://x.com/JoeWayne313/status/1751943570779472303?s=20" target="_blank" rel="nofollow">speculate</a> that a settlement term may require Ripple to incinerate the over 40 billion XRP tokens held in escrow. Considering XRP’s market value of $0.51, that amounts to setting over $20 billion on fire.&nbsp; 
Notably, this speculation <a href="https://coinedition.com/sec-vs-xrp-judge-torres-rejects-comparison-to-terraform-and-lbry/">draws parallels from the SEC vs. LBRY</a> legal dispute. In the case, the SEC pursued a court order to prohibit LBRY from engaging in crypto offerings until it disposed of all its LBRY Credits (LBC) tokens. 
However, online commentators have contested the plausi…
The post <a href="https://coinedition.com/ripple-v-sec-settlement-talks-heat-up-as-remedies-deadline-nears/">Ripple v. SEC: Settlement Talks Heat Up as Remedies Deadline Nears</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ripple v. SEC: Settlement Talks Heat Up as Remedies Deadline Nears

Coin Edition

Other articles published on Jan 31, 2024

ADA Price Loses Momentum! Cardano Price Might Lose 20% By The Coming Week?

China prepares to introduce crypto AML laws by 2025

Trump NFT Sales Rise with Bitcoin Ordinals Partnership

Cosmos Crypto: Will ATOM Crypto Rise Abruptly or Keep Plummeting?

Exploring the Intersection of AI and Blockchain: Vitalik Buterin’s Cautions

With a top rise of 16,660%, the animal coins that are driving people crazy!

Join our free newsletter for daily crypto updates!