Курс RefinableFINE

FOX Business journalist Eleanor Terrett reports that the legal battle between Ripple Labs and the U.S. SEC is nearing a resolution. Settlement talks are underway, following the August district court ruling – a partial victory for Ripple. But sources reveal there still remains a sticking point: the $125 million fine. The major hurdle, according to insiders, is Ripple’s objection to the $125 million fine imposed by Judge Analisa Torres in July 2023. While significantly less than the SEC’s original $2 billion demand, Ripple’s legal team is fighting for better terms. They argue that the fine is unjustified, particularly given the SEC’s evolving stance under new leadership. Essentially, Ripple is arguing that it shouldn’t be punished for actions taken during a period of regulatory murkiness, especially if the SEC is now softening its approach to crypto regulations. So now the ongoing discussions center on whether Ripple will pay the fine and whether it will be bound by a long-term ruling preventing the sale of XRP to institutional investors. This last point is crucial for XRP’s future. Ripple’s position gains weight considering the larger shifts in the regulatory landscape for digital assets. The SEC has dropped several lawsuits against major crypto firms like Coinbase, Gemini, and Kraken. Related: Ripple vs. SEC: Could XRP’s Legal Battle End with Leadership Changes? These moves hint at a possible revision of the SEC’s approach to the crypto industry under its new leadership. Ripple believes that if other companies are being offered a clean slate, they should not be singled out for past actions under what they consider to be an unclear regulatory framework. Despite the ongoing settlement talks, the case remains unresolved. While other crypto-related cases, such as those involving Coinbase and Binance, have seen progress or temporary pauses , the Ripple-SEC dispute is still at an impasse. Related: SEC Drops Multiple Lawsuits and Investigations Against Crypto Firms—Here’s the List Legal experts, including James Murphy , suggest the delay could stem from Ripple’s efforts to settle the appeal of Judge Torres’ ruling. This claim suggests that Ripple’s legal team is aiming to overturn the ban and limit the impact of the findings of securities law violations. The outcome of these negotiations could have major implications for XRP’s price and its future role in the crypto market. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Fox Business Reporter: SEC-Ripple lawsuit nearing final stage Fox Business reporter Eleanor Terrett reported via X, citing two reliable sources, that the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple may be coming to an end soon. The reason for the current delay in the settlement is that Ripple's legal team is negotiating more favorable terms in connection with the district court ruling in August of last year. At that time, the judge imposed a $125 million fine on Ripple and permanently banned the sale of $XRP to institutions. Ripple is arguing that since the SEC's new head has removed the existing cryptocurrency sanctions, why should Ripple still be punished? At this point, even the SEC seems unsure whether Ripple actually broke the law.

🇺🇸 NEW: According to reporter @eleanorterrett, the SEC vs. Ripple case may be nearing resolution as Ripple seeks to renegotiate terms of $125M fine and $XRP sales ban.

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