Ripples Around the Ripple and SEC Case: Experts Anticipate Possible Resolution

user avatar

by Giorgi Kostiuk

2 years ago

The Ripple vs. US Securities and Exchange Commission (SEC) case remains a focal point of attention, especially with the January 15 deadline nearing. Speculations about the outcome add to the intrigue surrounding this legal battle.

Current Situation

Renowned legal expert Jeremy Hogan recently suggested that the case might settle in April or May, potentially yielding favorable results for XRP holders. However, some question why a settlement is necessary if the SEC lost the case.

Marc Fagel's Commentary

Former SEC attorney Marc Fagel clarified that the SEC did not entirely lose; they partially won and lost. The court agreed with the SEC that Ripple illegally sold over $700 million in unregistered securities in institutional sales, imposing a $125 million fine.

Leadership of Paul Atkins

The incoming SEC chair, Paul Atkins, previously served as an SEC commissioner under President George Bush and is nominated by Donald Trump. He understands the significance of market regulation.

Further developments in the Ripple vs. SEC case will be closely monitored, particularly amid changes in SEC leadership and possible settlement terms.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Hut 8 Wins Bid for Poolin's Texas Datacenter Sites

Hut 8 has successfully bid $140 million for two datacenter sites owned by the bankrupt mining company Poolin.

user avatarLucas Weissmann

Senate Banking Committee Democrats Request Hearing on Prediction Markets

Democratic members of the Senate Banking Committee request a public hearing to examine the growing issue of prediction markets and their regulatory implications.

user avatarFilippo Romano

Crypto Economic Activity Remains Strong Despite Market Downturn

Crypto economic activity has shown resilience despite a significant drop in market capitalization, indicating a shift in market dynamics.

user avatarEmily Carter

Visa's Research Highlights Trust as a Barrier to Stablecoin Adoption

Visa's research highlights that trust and fraud protection are essential for stablecoin adoption, with 36% of US respondents considering their use, especially with bank-level protections.

user avatarTomas Novak

Cardano's Onchain Governance Approves New Treasury Allocations

Cardano's governance system has approved a new round of treasury allocations aimed at infrastructure and ecosystem development.

user avatarKaterina Papadopoulou

Galaxy Invests $100 Million in Onchain Credit Infrastructure

Galaxy has invested $100 million in Sky Protocol's yield-bearing sUSDS, integrating it into its corporate treasury and allowing it as collateral for institutional trading.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.