As the contentious legal spat between Ripple and the U.S Securities and Exchange Commission (SEC) rages on, the crypto community’s anticipation of reaching a potential settlement between the two parties is top of mind. U.S. Attorney John Deaton pointed out two main aspects that would see the securities watchdog settling with Ripple, ending the drawn-out court battle over the sale of XRP tokens.
When Can The SEC Agree To Resolve Claims Against Ripple?
Ripple has been in SEC’s crosshairs since late 2020, when the Commission sued the company and members of its leadership for allegedly selling XRP coins in violation of federal securities laws. The SEC and Ripple have been involved in a prolonged back-and-forth over the documents that must be produced through the discovery process.
Meanwhile, John E Deaton, a lawyer representing 65,000 XRP holders in the lawsuit via Amicus Curiae status, suggested in a recent tweet thread that the SEC will not settle until the political risks outweigh...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...