- XRP’s community attorney believes that a settlement between Ripple and the SEC will only be possible after a victory for Ripple.
- Rumors have been circulating that Ripple and the SEC have been discussing a possible settlement.
- The article was published on May 3rd, 2023 at 3:00 PM GMT.
Ripple and SEC Rumored to Discuss Possible Settlement
Rumors have been circulating that Ripple and the Securities and Exchange Commission (SEC) may be discussing a potential settlement. The XRP community attorney believes that, should there be an eventual victory for Ripple in its court case against the SEC, then a settlement could follow.
Ripple’s Court Case With The SEC
Ripple is currently embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC), which has accused it of selling unregistered securities in the form of XRP tokens. In response, Ripple has argued that XRP is not a security but rather a digital asset used to facilitate payments between users on its blockchain network. The court case is ongoing, with no definitive resolution yet.
Discussions Of A Possible Settlement
In recent weeks, rumors have been circulating that Ripple and the SEC are in discussions about a potential settlement agreement. It is unclear what terms such an agreement might include or when it might be reached if at all; however, some believe it could result in greater regulatory clarity for XRP holders going forward.
The Community Attorney’s Opinion
The XRP community attorney believes that any potential settlement would only come after Ripple emerged victorious from its court case with the SEC; without such a victory, he argued, any talks of settlement would simply be moot points. He further stated that any potential agreement would need to demonstrate clear advantages to both parties involved before being considered legitimate.