Is the Ripple court drama coming to a close?
The U.S. Court of Appeals has temporarily suspended the proceedings between the SEC and Ripple. The parties filed a joint motion, hinting at a fundamental agreement. Ripple seeks to lift the ban on institutional sales of XRP and reduce the fine from $125M to $50M.
The SEC is required to report on the status no later than June 15.
Attorney Fred Rispoli is confident that a complete settlement will occur before May 25.
A new chapter in the Ripple case may begin very soon.
Let's keep track of the developments together!
