RIPPLE & SEC: A SETTLEMENT LOOMING?
Hey #XRP community! I've got an update on the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC).
As you know, the #SEC initially sought a massive $2 billion fine from Ripple. However, the regulator has since softened its stance, asking for $102.6 million instead.
Some industry participants are speculating that a resolution might be near. The SEC is set to hold a closed meeting on July 25, which may involve discussing the settlement of administrative proceedings and litigation claims. Could this mean a settlement with Ripple?
Ripple's CEO Brad Garlinghouse has also hinted at a possible resolution, saying the process may conclude "very soon." However, he didn't confirm whether settlement talks are underway.
Lawyers Fred Rispoli and Jeremy Hogan have predicted that a resolution could happen as early as this month or before the end of summer.
The case is still pending, but it seems like we might be getting close to a conclusion. Fingers crossed for a positive outcome! Stay tuned for further updates on the #Ripple v SEC front.
