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

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