Coin

<ul class="news-points">
 <li>As the SEC rescheduled the closed meeting for July 25, the XRP community expects an imminent settlement in the case.</li>
 <li>Former SEC securities lawyer Marc Fagel dismisses anticipation of the potential resolution.</li>
 <li>Fagel posits that the case is less likely to settle, adding that settlement is not usually considered during a closed meeting.</li>
</ul>
A rescheduled closed meeting at the Securities and Exchange Commission (SEC) has ignited renewed hope within the XRP community for a potential settlement in the ongoing legal battle with Ripple Labs. However, former SEC securities lawyer Marc Fagel has tempered expectations, emphasizing a lack of concrete evidence to support such a development.
Further reiterating his view, Fagel stated that it is unlikely to bring resolution to a complicated case like Ripple’s at this point. He added that the settlement of a case is not usually considered during a closed meeting. Elaborating on the low possibility of the settlement, he cited:
<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 community has…
The post <a href="https://coinedition.com/xrp-settlement-sec-meeting-rescheduled-but-former-lawyer-douses-hopes/" rel="noopener noreferrer nofollow">XRP Settlement: SEC Meeting Rescheduled, But Former Lawyer Douses Hopes</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP Settlement: SEC Meeting Rescheduled, But Former Lawyer Douses Hopes

Coin Edition

Inne artykuły opublikowane 23 lip 2024

US Ethereum ETFs S-1 Forms Get Final Approval, Trading Begins Today

Paraguay Crypto Miners Urge State Electricity Board To Reconsider Upcoming Price Hike

Nigeria listed among 15 African countries restricted from using Mercury Bank

Donald Trump Presidential Campaign Is Now Adding More Hype to Bitcoin Than Ever Before

Crypto Mixing Protocol Tornado Cash Get $1.8 Billion In Only Half Year 2024

Swan Bitcoin Abandons IPO Plans: What Consequence Will This Have?

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!