April

Former Securities and Exchange Commission (SEC) attorney Marc Fagel has advised against being overly optimistic about the possibility of reaching an agreement in the continuing legal dispute between the SEC and Ripple Labs.   
<a href="https://www.sec.gov/newsroom/meetings-events/sunshine-act-notice-closed-07252024">The US SEC just rescheduled</a> a private meeting, igniting renewed optimism among the XRP community for a resolution. Nevertheless, Fagel pointed out the absence of definitive proof to substantiate this perspective, noting that it is improbable to resolve an intricate issue like <a href="https://optimisus.com/market/market-news/ripple-ceo-brad-garlinghouse-urges-vp-kamala-harris-to-clarify-her-crypto-stance/">Ripple's</a> at this point, particularly in a private meeting.   
The XRP community has actively monitored the SEC's legal action against Ripple, which commenced in 2020 and progressed to the trial stage in April 2024. The SEC is anticipated to deliberate on topics such as "Establishment and resolution of administrative proceedings" and "Settlement of legal claims."   
Previously, market experts and observers have proposed the possibility of a settlement, with Ripple CEO Brad Garlinghouse and Ripple CLO Stuart Alderoty expressing confidence in a quick conclusion.   
Although there are positive indications, Fagel's remarks raise uncertainty about the possibility of reaching an agreement resulting from the SEC's private meeting. This emphasizes the importance of the upcoming weeks in deciding the outcome in the phase of selecting the appropriate actions to be taken. 
The post <a href="https://optimisus.com/market/market-news/marc-fagel-warns-against-excessive-optimism-over-a-potential-ripple-xrp-settlement/">Marc Fagel warns against excessive optimism over a potential Ripple (XRP) settlement</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

Marc Fagel warns against excessive optimism over a potential Ripple (XRP) settlement

Optimisus

Andre artikler udgivet 26. jul. 2024

CYBRO DApp Goes Live, Boosting Profit Potential For Crypto Holders

BTCC Exchange Introduces Up to 50x Leverage on Over 300 USDT-Margined Trading Pairs (26 Jul)

Just In: SEC Approves Grayscale Bitcoin Mini Trust ETF

Streamlining Project Deployment in the Blockchain Industry in 2024

WazirX Reports Breach to FIU, Reaches Out to 500+ Exchanges After $235M Hack

Former Huobi Employees Implant Trojans in Wallets, Face 3Y Imprisonment

Join our free newsletter for daily crypto updates!