Business

Ripple Vs The U.S. SEC May Finally End Soon

The legal battle between the U.S. SEC and Ripple Labs is reportedly nearing a resolution, with both sides working through the details of the August court ruling, according to Eleanor Terrett.

The August Decision

As per the FOX Business reporter, two sources have told her that the case is wrapping up and could be resolved soon. The delay is due to Ripple negotiating more favorable terms related to the August ruling.

 

Source: X (@EleanorTerrett)

 

Recently, the SEC dropped lawsuits against crypto companies like Coinbase, Gemini, and Kraken, and paused its civil fraud case against Justin Sun. Meanwhile, Ripple’s case remains unresolved due to ongoing talks over the August decision, which imposed a $125 million fine and an injunction preventing Ripple from selling XRP to institutional investors.

 

No Clear Precedent

Ripple argues it shouldn’t face penalties due to past regulatory uncertainty, especially with the SEC’s new leadership offering other crypto firms a fresh start. The lack of clear precedent has delayed the resolution.

Legal experts, including crypto lawyer James Murphy, believe Ripple is negotiating to modify aspects of the August ruling, which could hinder future plans like a public debut.

Join Our FREE Newsletter

Subscribe to stay informed and receive latest updates on the latest happenings in the crypto world!


By submitting this form, you are consenting to receive marketing emails from: Crypto Weekly. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.

Read More >

Join Our FREE Newsletter

Subscribe to stay informed and receive latest updates on the latest happenings in the crypto world!


By submitting this form, you are consenting to receive marketing emails from: Crypto Weekly. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Search

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

News: