XRP Lawsuit: Experts Quash Ripple-SEC Settlement Rumors

In the XRP lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC), speculation regarding a potential settlement has been met with skepticism and outright dismissal by several legal authorities closely monitoring the case. This development follows a recent court ruling mandating Ripple to furnish comprehensive financial records related to its institutional sales of XRP for the years 2022 and 2023, a decision that has inadvertently stoked rumors of an impending settlement.

The recent court directive, issued by Judge Sarah Netburn, has introduced an eight-day delay in the legal proceedings, allowing Ripple an extension till February 20th to fulfill the financial disclosure requirements. This extension has fueled speculation among observers about a potential settlement.

However, with the deadline for rebuttals in the remedies stage set for April 24th, a conclusive end to this saga remains distant, casting a shadow of uncertainty over the next few months.

Why A Ripple-SEC Settlement Is ‘Nonsense’

Legal voices within the XRP community have been vocal in debunking the settlement rumors. Bill Morgan, a seasoned attorney, emphasized the confidential nature of settlement negotiations, noting, “People may not understand that settlement negotiations are confidential and subject to a form of privilege. Therefore, there is no hint of a settlement until there is suddenly a settlement.”

Echoing Morgan’s sentiments, Jesse Hynes, another legal expert, categorically dismissed the rumors as baseless. “Any rumors about a Ripple & SEC settlement are just nonsense if and until a settlement happens. This isn’t something that leaks and when settlement talks leak it’s often in some form of power play move for leverage. Don’t trust the nonsense,” Hynes stated.

Adding a touch of sarcasm to the discussion, Marc Fagel, a retired securities lawyer, ridiculed the notion of leaks in such high-stakes legal matters. “Yes, back in my SEC litigation days, we always made sure to call some random anonymous Twitter account before entering into settlement ne

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Author: Jake Simmons

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