Settlement not in the cards in SEC vs. Ripple case
Both parties are currently not considering terms for a pretrial settlement. The changing of the guard at the United States Securities and Exchange Commission seems to have affected any possible pretrial settlement in the SEC’s case against Ripple.This conclusion was part of a joint discovery letter filed on Monday before Judge Analisa Torres of the U.S. District Court for the Southern District of New York.Commenting on the prospects of a pretrial settlement, the letter reads:“Counsel for the parties have met and conferred and, having previously discussed settlement, do not believe there is....
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On October 3, Judge Analisa Torres denied the US Securities and Commission’s (SEC) motion for an interlocutory appeal in its ongoing legal battle against Ripple. As part of her order, she raised the possibility of a settlement between both parties before the case goes to trial on April 23, 2024. Ripple And SEC Could Settle […]
There have been rumours that the US Securities and Exchange Commission (SEC) and Ripple may be in negotiations to reach a settlement. A former SEC official has stepped in and provided insights on why that might not be the case. Former SEC Official Dismisses Rumors Of A Potential Ripple Settlement Former SEC lawyer Marc Fagel […]
The SEC's case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase.
The SEC's case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase.
A rumor claiming a potential settlement between Ripple and the US Securities and Exchange Commission (SEC) scheduled for a closed meeting on July 18 has been debunked by former SEC regional director and pro-XRP lawyer, Marc Fagel. According to Fagel, the likelihood of a settlement being discussed in this particular meeting is highly improbable, despite the community’s hopeful speculations. Ripple-SEC Settlement Is Highly Unlikely The rumor was initially fueled by Brett Hill, an ambassador for the cryptocurrency exchange Bitrue, who suggested via the social media platform X that the....