Circuit

Empower

James

<p>The post <a href="https://coinpedia.org/news/will-ripple-settle-lawyers-weighs-in-on-ripple-vs-sec-settlement-appeal-and-much-more/" rel="noopener noreferrer nofollow">Will Ripple Settle? Lawyer’s Weighs in on Ripple vs SEC Settlement, Appeal, and Much More</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto community is eagerly waiting for the final judgment in the high-profile lawsuit between <a href="https://coinpedia.org/news/ripple-vs-sec-settlement-talks-spark-speculation-amid-ongoing-legal-battle/" target="_blank" rel="noopener noreferrer nofollow">Ripple and the US SEC.</a> The case, which involves potential fines totaling $2 billion, is crucial for the future of crypto regulation.</p>
<h2 class="wp-block-heading" id="h-possibility-of-settlement"><strong>Possibility of Settlement</strong></h2>
<p>Weighing on the matter, prominent lawyers, including former SEC attorneys Marc Fagel and James Farrell, believe that a settlement is still possible. Jeremy Hogan, a partner at Hogan &amp; Hogan, <a href="https://x.com/JamesKoerber1/status/1805950853397786745" rel="noopener noreferrer nofollow">notes </a>that while a settlement is possible, however, it seems unlikely given Ripple’s recent victories. The SEC aims to unseal filings that could influence the penalty amount, but Ripple has contested the relevance of historical contracts.</p>
<h2 class="wp-block-heading" id="h-experts-weigh-in-on-appeal-considerations"><strong>Experts Weigh In on Appeal Considerations</strong></h2>
<p>Having said that, the lawyers believe there is a lesser chance that the SEC will appeal XRP’s security status. Former SEC Crypto Enforcement Chief Kristina Littman suggests the SEC may not appeal Judge Torres’ decision on XRP, opting to keep it as a District Court opinion rather than risk a Circuit Court review.&nbsp;</p>
<p>The Second Circuit Court’s recent ruling that secondary crypto sales are not securities supports Judge Torres’ decision on XRP. Whereas Coinbase’s CLO, Paul Grewal, highlighted this as a major victory for the crypto industry. While, Lawyer James Murphy, aka MetaLawMan, believes tokens in the Coinbase case aren’t securities.&nbsp;</p>
<p>Plus, Empower Oversight’s president, Tristan Leavitt, noted suspicious “no relevant records” responses from the SEC, prompting a new FOIA request for more records.</p>
<h2 class="wp-block-heading" id="h-timeline-for-the-final-ruling-nbsp"><strong>Timeline for the Final Ruling&nbsp;</strong></h2>
<p>Lawyers, including Fred Rispoli, anticipate that Judge Torres could announce a final judgment on remedies and injunction within 60 to 90 days after the last brief, potentially bypassing the need for additional rulings on expert witnesses. Given the ongoing developments and possible delays due to the election year, the final ruling is expected between August and September.</p>
<h2 class="wp-block-heading" id="h-market-impact-and-sec-challenges"><strong>Market Impact and SEC Challenges</strong></h2>
<p>Ripple’s CEO Brad Garlinghouse has revealed that the company has spent over $200 million fighting the SEC’s claims. The SEC’s recent losses, including those against Ripple executives, add to the pressure. XRP holders are now focused on the judge’s decision on final judgment motions in the remedies phase.</p>
<h2 class="wp-block-heading" id="h-bottom-line"><strong>Bottom Line</strong></h2>
<p>Calling it an election year, if Trump wins and Gensler leaves, this will be a turning point for both Ripple and XRP. While the <a href="https://markets.coinpedia.org/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a> status is still in doubt lawyers believe that the SEC is under immense pressure to clear all crypto-related cases so this might be the time that they will settle their score with Ripple in a low-profile settlement.&nbsp;</p>
<p>Also Read: <a href="https://coinpedia.org/news/coinbase-sues-sec-and-fdic-demanding-transparency-in-crypto-regulations/" target="_blank" rel="noopener noreferrer nofollow">Coinbase Sues SEC and FDIC, Demands Transparency in Crypto Regulations&nbsp;</a></p>

Will Ripple Settle? Lawyer’s Weighs in on Ripple vs SEC Settlement, Appeal, and Much More

目錄

CoinPedia News

在 2024年6月27日發表的其他文章

MKR surges 9% amid MakerDAO’s $1.35m audit contest

4 Key On-Chain Indicators to Determine if the Bitcoin Price Has Bottomed

Is Altseason Around The Corner? Real Vision Analyst Reveals Key Indicators

Bitcoin ETFs Buck the Trend with Surprise Inflows

MoonBag Crowned with Best Presale in 2024, Raises $2.9M+ Erasing Hedera, AAVE

Bitget Warns of Rising Deepfake Scams in Crypto, Predicts Losses to Reach $25 Billion by End of 2024

訂閱免費電子報，每天收取加密貨幣最新動態！