April

Coin

<ul class="news-points">
 <li>Marc Fagel warns against excessive optimism over a potential Ripple settlement.</li>
 <li>Ripple CEO and CLO remain optimistic about a swift resolution.</li>
 <li>XRP trades at $0.598, reflecting a 7.53% weekly increase despite uncertainties.</li>
</ul>
Former Securities and Exchange Commission (SEC) lawyer Marc Fagel has urged caution among market participants regarding excessive optimism surrounding a potential settlement in the ongoing legal battle between the SEC and Ripple Labs.
The SEC recently <a href="https://www.sec.gov/newsroom/meetings-events/sunshine-act-notice-closed-07252024" target="_blank" rel="noopener noreferrer nofollow">rescheduled</a> a closed meeting, sparking renewed hope within the XRP community for a potential settlement. However, Fagel has tempered expectations, citing a lack of concrete evidence to support such an outlook.&nbsp;
The lawyer explained that resolving a complex case like Ripple’s is unlikely at this stage, especially during a closed meeting. He noted:&nbsp;
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “If the enforcement staff had negotiated a settlement with Ripple, they would have notified the court to prevent the issuance of the remedies ruling while awaiting SEC approval,”
</blockquote>
The SEC’s case against Ripple, which began in 2020, entered the trial phase in April 2024. The XRP community eagerly anticipates the conclusion of this closely…
The post <a href="https://coinedition.com/ripple-lawsuit-former-sec-lawyer-warns-against-overly-optimistic-settlement-expectations/" rel="noopener noreferrer nofollow">Ripple Lawsuit: Former SEC Lawyer Warns Against Overly Optimistic Settlement Expectations</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Ripple Lawsuit: Former SEC Lawyer Warns Against Overly Optimistic Settlement Expectations

Coin Edition

Weitere Artikel, die am 26. Juli 2024 veröffentlicht wurden

Controversial Cryptocurrency Decision by One of the World’s Top 10 Banks

SLERF Bounces Back Over 50% This Week: Will The Momentum Last

BlackRock Crypto Chief Dismisses Possibility Of Solana, XRP ETF Approval

Australia’s Big Banks Block Crypto Payments Amid Rising Crypto Popularity

BlockDAG Rocks With $60.9M Presale And Big Team Reveal Updates; Arbitrum Price Surge And DADDY Pa...

Internet Computer Price Prediction: ICP Soars 18% In A Month, But Analysts Say Consider This New ...

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!