Ripple V SEC Settlement Coming TODAY?• February 9, 2023 12:21 pm • Comments
Speculation is running wild due to a recent scoop from Fox News contributor Eleanor Terrett:
🚨SCOOP: My @SECGov sources tell me to be prepared for a potentially big announcement tomorrow. Could it have something to do with a @krakenfx settlement following a closed meeting at 2pm? Could settlement terms have industry ramifications? We’ll see. 👇🏼https://t.co/AVy0O5dsIG
— Eleanor Terrett (@EleanorTerrett) February 9, 2023
The Ripple V SEC Lawsuit has been raging for over 2 years now, and while the case has entered the final phases, attorneys like Jeremy Hogan and John Deaton have told eagerly awaiting investors that a resolution to the case won’t come until the end of March at the earliest.
That could all change if Terrett’s hunch is correct and the meeting at 2 PM today concerns a settlement between the Securities and Exchange Commission and Ripple Labs.
Others have speculated that the meeting could, in fact, concern a settlement between the SEC and Kraken.
We will bring you more updates as they become available, until then rumors and speculation continue to permeate the subject of the embittered lawsuit:
The SEC will make a major announcement today. Do you believe it has something to do with a settlement with RIPPLE? 🤔 $XRP
— Crypto Assets Guy (@cryptoassetsguy) February 9, 2023
Leak reveals SEC will make major announcement today. Ripple or Kraken settlement?
— whalechart.org (@WhaleChart) February 9, 2023
Bitcoinist asks readers to consider:
LBRY’s recent partial victory in its case against the SEC may have been a game-changer. The SEC was forced to admit live on tape that secondary market sales do not constitute securities transactions. Still, it remains pure speculation whether the SEC’s announcement will revolve around Ripple’s case.
I think a Ripple settlement would be worked out behind closed doors, then a dismissal of the lawsuit of some sort would be filed, and THEN it would be announced. But, that's just my instinct. There's nothing to keep the parties from announcing before the lawsuit is dismissed.
— Jeremy Hogan (@attorneyjeremy1) February 9, 2023
U Today explains:
According to CryptoLaw founder John E. Deaton, a settlement might come after a verdict from the ruling judge. Ripple CEO Brad Garlinghouse said the settlement with the SEC could only be considered if the XRP is deemed a nonsecurity.
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