The long-standing legal fight between Ripple and the U.S. Securities and Exchange Commission is nearing its conclusion. With appeals dropped by both parties, attention has shifted to the next steps.
Is a Settlement Really Happening?
Ripple’s legal chief, Stuart Alderoty, hinted that all paperwork for a settlement has been prepared. The next step is a vote by the SEC, expected within the next 30 days. Following this, the SEC will proceed to lift the injunction on Ripple, allowing Judge Analisa Torres to officially close the case.
Will the SEC Remain Silent Until August 7?
An XRP community member named Brett claimed that the SEC would make no official announcements until August 7, citing a court document. However, many questioned the relevance of the document, as it dates back to last year. Former SEC lawyer Marc Fagel dismissed the claim as 'stupid and wrong.'
No Official Announcement From the SEC
Despite the withdrawal of appeals by both parties, the SEC has yet to make an official announcement, fueling speculation about a possible settlement. Fox Business journalist Eleanor Terrett suggested the SEC might be waiting to ask Judge Torres to lift the injunction, a step that differs from usual procedures.
As XRP holders await the resolution, hopes are high that the settlement will bring long-awaited regulatory clarity for Ripple and its token.
