NewsletterXRP News: Is XRP Lawsuit Headed for A Settlement? Lawyer Predicts What’s Next
XRP News: U.S. District Court might have announced a summary judgment in the crucial Securities and Exchange Commission (SEC) Vs Ripple case but somehow the legal battle is still on. The entire crypto industry is anticipating the next move that the commission will take to stretch its allegations around the Ripple and XRP token.
Also Read: Pro-XRP Lawyer’s Twitter Account Hacked; Beware Of Fake Rewards
SEC To Opt For Settlement?
Pro crypto attorney, James Murphy aka MetaLawMan stated that there are several options that US SEC can consider. However, he expects that the commission might file a request for an interlocutory appeal within the next 2 weeks.
He highlighted that this can happen as no final judgment has been presented yet. However, the SEC didn’t have the unilateral right to appeal as of now. A request by the commission would require permission from Judge Analisa Torres and the 2nd Circuit Court of Appeals in order to move ahead with an interlocutory appeal.
As per the attorney, there is no such specific deadline for the initial request but it needs to be done promptly. He suggests that if Judge Torres agrees to the request then the commission would get the 10 days to head towards the 2nd circuit. Read More XRP News Here…
MetaLawMan addressed the rumors going around the settlement in the case. He stated that a settlement is an unlikely option at this point. It would be hard for the commission to settle with Ripple and the defendants. This would leave the Torres precedent untested on appeal while this hamper its campaign against the crypto industry.
However, Attorney expects the SEC would go for a request for interlocutory appeal. However, this can prove to be in the best interests of Ripple for the appeals to start now than a year later.
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