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The long-running XRP lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is reportedly nearing its conclusion.
Sources indicate that negotiations are in the final stages, with Ripple’s legal team pushing for more favorable terms concerning a $125 million fine imposed in a prior ruling.
Inside the SEC vs. Ripple Case Negotiations
According to Fox Business reporter Eleanor Terrett, two well-placed sources confirm that the SEC vs. Ripple case is in the process of wrapping up.
“🚨 SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon.” — Eleanor Terrett (@EleanorTerrett)
Terrett also notes that Ripple’s legal team is contesting the August district court ruling, which not only imposed the fine but also included a permanent injunction preventing Ripple from selling XRP to institutional investors. The argument being made is that if the new SEC leadership is considering regulatory clarity as a solution for previously targeted crypto firms, Ripple should not be penalized under outdated enforcement actions.
Implications for XRP and the Crypto Industry
If the XRP lawsuit reaches a favorable resolution, it could mark a significant moment for Ripple and the broader crypto industry. Many believe that the case has set a precedent for crypto regulations, and a settlement could influence how the SEC approaches similar lawsuits in the future.
The SEC vs. Ripple case has been a cornerstone of the regulatory battle against crypto for years, and its resolution could have long-lasting effects on XRP’s market standing and broader crypto regulatory policies.
What’s Next?
While the details of a final agreement remain undisclosed, the settlement of the XRP lawsuit could bring long-awaited clarity to Ripple’s legal standing. The crypto community now awaits an official announcement that will determine the future of XRP and how the SEC handles crypto firms moving forward.
Stay tuned for further updates as the SEC vs. Ripple case inches toward its final chapter.
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