đ¨ BREAKING - Confirm SEC Case Against Ripple/XRP to End Soon
Prominent crypto journalist Eleanor Terrett of FOX Business reports that two reliable sources familiar with the case informed her that the lawsuit could be over soon.
This development comes as the SEC continues its campaign to freeze and terminate its legal cases against crypto entities like Coinbase, Binance, Uniswap, and Consensys. While the SEC had paused and dismissed these cases, it has yet to decide on the Ripple lawsuit.
Highlighting the factor stalling a potential dismissal, Terrett, citing two unnamed sources, claimed that Rippleâs legal team is negotiating for more favorable terms regarding the New York federal court ruling issued in August 2024.
Rippleâs Argument
According to Terrett, Ripple is arguing that since the SEC is seeking to end its enforcement-heavy approach against previously targeted crypto firms by embracing regulatory clarity, it is unfair for the company to be penalized based on Judge Torresâ August ruling.
She suggested that Ripple believes accepting the verdict implies admitting wrongdoing, even though the current SEC leadership seems unsure about whether any misconduct occurred.
Only Condition for Early Resolution
Furthermore, Attorney Jeremy Hogan highlighted the only condition that could lead to an imminent resolution in the Ripple lawsuit.
According to the lawyer, the case will only âwrap up soonâ if the parties reach a private settlement, contrary to the August verdict, without ratifying the terms of the agreement in court.
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