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

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