In the story of Ripple vs. SEC over XRP, speculation is rife about a possible truce between the two giants. The buzz started when Ripple’s CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty were spotted in New York, sparking talks of potential negotiations behind closed doors.
What do you think will happen next? Read on.
A member of the XRP community, BobaFete, claimed to have glimpsed Garlinghouse and Alderoty outside a federal courthouse in New York, igniting chatter about a possible meeting to hash out differences between Ripple and the SEC.
Adding to the intrigue, FOX Business reporter and crypto enthusiast Eleanor Terrett hinted at a “Settlement Conference” in a recent post. Terrett, armed with evidence, pointed to a document suggesting that while the next Ripple vs. SEC case hearing is slated for April 16, 2024, there might be an earlier attempt at settling matters, although the date remained elusive.
Read More: Ripple vs SEC: Will SEC’s $2 Billion Threat Crush the XRP Price?
On the other side of the ring, the SEC is wielding its power, seeking a final judgment in the XRP lawsuit with a hefty $2 billion fine against Ripple for alleged securities law violations. In response, Ripple’s Stuart Alderoty didn’t hold back, slamming the SEC’s demands as unjust, citing inconsistencies, and accusing the regulatory body of making misleading statements.
Alderoty is gearing up to mount a robust defense on Ripple’s behalf in April, signaling the company’s resolve to challenge the SEC’s claims. However, amidst this legal standoff, the possibility of a settlement meeting injects a dose of uncertainty into Ripple’s future and the fate of XRP.
Finding common ground won’t be a walk in the park for either party. Yet, the presence of Ripple’s top brass in New York and talk of a settlement conference suggest that negotiations may be underway. A settlement, if achieved, could shake up the XRP lawsuit and steer Ripple’s course in the crypto sphere.
The crypto community is on tenterhooks, eagerly awaiting further developments in this gripping legal saga. With the April pre-trial conference looming, the destiny of XRP hangs in the balance.
Also Read: Will Coinbase Have the Same Fate As Ripple? Here’s What To Expect Next in Coinbase vs SEC Lawsuit
In a surprising move, President Donald Trump has pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo,…
After a strong 10-day streak of inflows, Bitcoin ETFs saw a sudden reversal on March…
XRP recorded the largest drop among major cryptocurrencies this week, driven by a mix of…
Trump is shaking things up in crypto again! This time, he’s handing out pardons, and…
Hayden Davis, the controversial figure behind tokens like MELANIA and LIBRA, is back in the…
The FDIC has officially dropped its 2022 rule that forced banks to get prior approval…