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Ripple CEO Brad Garlinghouse was <a href="https://twitter.com/bobaboy76239/status/1773771635427844155" rel="noopener noreferrer nofollow">spotted</a> earlier today at the federal courthouse in New York alongside chief lawyer Stuart Alderoty, according to photos shared by the @bobaboy76239 account on the X social media network.&nbsp;
<blockquote>
 Spotted <a href="https://twitter.com/bgarlinghouse?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@bgarlinghouse</a> and <a href="https://twitter.com/s_alderoty?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@s_alderoty</a> at the federal courthouse in NY today. Settlement talks?? <a href="https://t.co/UCcPPFL2np" rel="noopener noreferrer nofollow">pic.twitter.com/UCcPPFL2np</a>— BobaFete (@bobaboy76239) <a href="https://twitter.com/bobaboy76239/status/1773771635427844155?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 29, 2024</a>
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As per the CourtListener legal database, there was a settlement conference&nbsp;<a href="https://www.courtlistener.com/docket/19857399/securities-and-exchange-commission-v-ripple-labs-inc/?page=6" rel="noopener noreferrer nofollow">scheduled</a> for this Friday.&nbsp;
A spokesperson for Ripple told Fox Business reporter Eleanor Terrett that there was "nothing to share."
According to Terrett, this could be just a mandatory meeting that was supposed to take place before the pretrial conference that is scheduled to happen on Apr. 16.&nbsp;
As per a ruling by U.S. District Judge Analisa Torres, the parties were supposed to meet in person for at least one hour for settlement talks.&nbsp;
Hence, the odds of Ripple scoring a settlement with the SEC this Friday appear to be extremely small.&nbsp;
As reported by U.Today, the regulator is&nbsp;<a href="https://u.today/sec-v-ripple-key-details-from-2-billion-motion-for-remedies" rel="noopener noreferrer nofollow">demanding</a> that Ripple pays more than $2 billion in fees and penalties. The gargantuan sum is supposed to deter others from potential violations of the same scope.&nbsp;
Ripple's top executives, including CEO Garlinghouse and co-founder Chris Larsen, have harshly criticized the SEC. Meanwhile, Alderoty has accused the SEC of trying to intimidate Ripple and the broader cryptocurrency industry with such demands.&nbsp;
Ripple is supposed to file its reply next month, meaning that the fight is far from over for the company.&nbsp;
Meanwhile, Fox Business journalist Charles Gasparino is convinced that the SEC is going to&nbsp;<a href="https://u.today/xrp-might-make-you-poor-says-fox-business-journalist" rel="noopener noreferrer nofollow">appeal</a> Torres's controversial ruling in the Ripple case, which did not recognize the XRP token as an unregistered security in a win for the San Francisco-based company.&nbsp;

Did Ripple Just Have Settlement Talks with SEC?

U_Today

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