- Ripple’s legal battle with the SEC could resolve within days via a private settlement.
- XRP may be classified as a commodity, impacting crypto industry regulations.
- Ripple could negotiate for better terms, removing key court-imposed restrictions.
The end may be in sight for the long-running legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Legal analyst Jeremy Hogan suggests a private settlement could bring the lawsuit to a quicker-than-expected conclusion, though complications may slow things down.
While sources indicate the case could wrap up shortly, legal experts are divided on the timeline and possible outcomes. Hogan pointed out that a private settlement remains the most probable way to end the case quickly, though it is still unclear whether Ripple will agree to the SEC’s terms.
What Are the Remaining Hurdles?
A key sticking point, according to sources, is Ripple’s potential push for better terms during negotiations in an attempt to remove key restrictions imposed by the court’s ruling.
Success here could impact the regulatory conditions for XRP and other cryptocurrencies.
Related: Crypto lawyer John Deaton debunks report claiming SEC assigned specific roles to XRP, ADA, and SOL
What Do XRP Lawyers Say?
Reactions from prominent XRP lawyers, including John Deaton and Bill Morgan, have been mixed. Deaton, a well-known pro-XRP attorney, expressed doubt by posting an emoji, signaling his doubts about the anticipated timeline.
Morgan shared mixed views, noting that while he acknowledged some of the positive predictions made by experts, he raised concerns about certain aspects of the case, including the injunction that still needs to be addressed.
What Would a Settlement Mean for XRP and Crypto?
As the case potentially draws to a close, some legal experts have raised the possibility of XRP being classified as a commodity, a move that would impact the crypto market. Such a designation would clarify XRP’s regulatory status and possibly create a path for other digital currencies to follow.
Related: Settlement In Sight For Ripple vs. SEC Case, Though Final Terms Still Under Negotiation
Beyond the legal questions, there’s also the question of settlement terms. Some reports suggest that Ripple could negotiate to vacate parts of Judge Analisa Torres’s ruling, particularly those that might be seen as an admission of wrongdoing.
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