XRP Lawsuit Settlement Incoming? Lawyer Drops Scenario
XRP Lawsuit News: The much anticipated Summary Judgment in the long running U.S. Securities and Exchange Commission (SEC) Vs Ripple Lawsuit is drawing much speculation in the industry. One of those speculations revolves around the settlement of the XRP lawsuit.
Ripple To Settle XRP Lawsuit
An Amicus Curiae in XRP Lawsuit, John Deaton shed light on the settlement scenario. He advised that if the US SEC agrees and gives in writing that ongoing and future sales of Ripple’s native crypto, XRP are not sales of Securities, while the commission also admits that the Secondary XRP market sales by individuals (including exchanges) will not be considered as securities, then the lawyers would completely guide to settle.
The Ripple and defendants would have settled earlier but they choose to take this fight to the court. XRP holders’ lawyer believes that Ripple wouldn’t settle as it is fighting for clear crypto regulations. Read More XRP News Here…
Meanwhile, in the given scenario, Ripple CEO, Brad Garlinghouse and Ripple Board must settle as they act as fiduciaries to shareholders, he advised. If Ripple didn’t settle and lose the case then it would be in litigation for a decade.
US SEC To Settle?
However, a settlement is not appealable in the court. If parties decide to settle before the ruling, it can prevent precedent from ruling. Meanwhile, parties can settle before or after the decision. The judges wouldn’t mind if it settles before her decision regardless of the timing.
Stuart Alderoty, Chief Legal Officer of Ripple earlier stated that the US SEC has lost four out of its five cases in the Supreme Court. This signals that the defendants in the XRP lawsuit are confident of a win. While they are assured that the commission will drag the case ahead.
- Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces
- Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes
- Peter Schiff Challenges Binance Founder CZ to Debate as Bitcoin Vs. Gold Rivalry Heats Up
- Robinhood Lists HYPE As Hyperliquid Flips CZ Backed Aster In Perp DEX Volume
- Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
