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Ripple Vs. SEC Update: Expert Says Both Parties Have Reached A Settlement Agreement
The post Ripple Vs. SEC Update: Expert Says Both Parties Have Reached A Settlement Agreement appeared on BitcoinEthereumNews.com. In the ongoing legal battle between cross-border payments company, Ripple and the United States Securities and Exchange Commission (SEC), a crypto expert has speculated that a possible settlement may be on the horizon. The recent events surrounding the case outlined by the expert, have indicated a progression to a potential conclusion in the case between the two parties. Ripple And SEC On The Brink Of Settlement? XRP community member and expert, Ashley Prosper has speculated that the recent legal proceedings observed between Ripple and the US SEC could be key indicators pointing towards a possible culmination of the three-year-long court battle. In an X (formerly Twitter) post published on Friday, April 12, the crypto expert outlined an extensive number of factors and occurrences that suggest the possibility of a legal settlement. According to Prosper, the Second Circuit’s decision to reject the SEC’s disgorgement in cases lacking financial loss, alongside the SEC’s failure to identify investors who suffered financial losses from Ripple has added weight to Ripple’s defense. The crypto expert also noted that the SEC’s recent investigations and enforcement actions against Ethereum and crypto exchange UniSwap could be another indication of a possible conclusion of the legal case. By diverting its attention to these projects, the SEC might aim to classify Ethereum as a security, thereby impacting the broader crypto market and its case with Ripple. Moreover, Prosper speculates that Ripple’s recent announcement to launch a stablecoin and expand into the market hints that a settlement was imminent. This move could suggest that Ripple was moving forward with its business plans, indicating confidence that could be stemmed from a potential settlement. More Factors That Hint A Potential Resolution In Sight In her post, Prosper uncovered other factors that strongly suggest a forthcoming settlement and the eventual conclusion of the SEC…
The post Ripple Vs. SEC Update: Expert Says Both Parties Have Reached A Settlement Agreement appeared on BitcoinEthereumNews.com.
In the ongoing legal battle between cross-border payments company, Ripple and the United States Securities and Exchange Commission (SEC), a crypto expert has speculated that a possible settlement may be on the horizon. The recent events surrounding the case outlined by the expert, have indicated a progression to a potential conclusion in the case between the two parties. Ripple And SEC On The Brink Of Settlement? XRP community member and expert, Ashley Prosper has speculated that the recent legal proceedings observed between Ripple and the US SEC could be key indicators pointing towards a possible culmination of the three-year-long court battle. In an X (formerly Twitter) post published on Friday, April 12, the crypto expert outlined an extensive number of factors and occurrences that suggest the possibility of a legal settlement. According to Prosper, the Second Circuit’s decision to reject the SEC’s disgorgement in cases lacking financial loss, alongside the SEC’s failure to identify investors who suffered financial losses from Ripple has added weight to Ripple’s defense. The crypto expert also noted that the SEC’s recent investigations and enforcement actions against Ethereum and crypto exchange UniSwap could be another indication of a possible conclusion of the legal case. By diverting its attention to these projects, the SEC might aim to classify Ethereum as a security, thereby impacting the broader crypto market and its case with Ripple. Moreover, Prosper speculates that Ripple’s recent announcement to launch a stablecoin and expand into the market hints that a settlement was imminent. This move could suggest that Ripple was moving forward with its business plans, indicating confidence that could be stemmed from a potential settlement. More Factors That Hint A Potential Resolution In Sight In her post, Prosper uncovered other factors that strongly suggest a forthcoming settlement and the eventual conclusion of the SEC…
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