Important Update on the Ripple and SEC Case
The lawsuit between Ripple and the SEC just received new information. Judge Analisa Torres has officially denied the request from both parties. They proposed that the court allow for a private settlement, hoping to overturn the court's previous decision. However, the judge asserted that private agreements cannot nullify the court's public rulings.
Judge Torres's Assessment
In her ruling, Judge Torres emphasized that her decision was made based on the law. As these laws have not changed, there is no reason for her decision to change. She also pointed out that Ripple and the SEC do not have the authority to ignore the court's final ruling. If they want to settle, they will need to withdraw their appeal or continue the appeal process.
Remarks from Attorney Fred Rispoli
Cryptocurrency attorney Fred Rispoli shared on social media, providing information about the next steps. He stated that both parties will have to submit status reports to the Second Circuit Court in August. This report will indicate whether they plan to continue the appeal or have reached a settlement.
Final Outcome Prediction
According to Rispoli, reaching a settlement is the most likely outcome, and information about this is expected to be heard by the end of July or early August this year. Currently, everyone is waiting to see the next move in this captivating legal battle.
Attorney Bill Morgan Shares His Perspective
Attorney Bill Morgan also spoke on social media, writing that 'But as the judge pointed out, the parties can agree to settle by withdrawing their appeals. As I mentioned in a post a few hours ago, they could have done this at any time in the past two months, but Ripple wants more. They want the injunction lifted.'
Share this cryptocurrency information with your network!
Source: https://tintucbitcoin.com/tham-phan-tu-choi-thoi-gian-cong-bo/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated on the latest news in the cryptocurrency market and not miss any important information!
