- According to Fox Business, negotiations with Ripple about better conditions delay the end of the procedure sec./.ripple.
- The TV channel sees an acceptance of the judgment made by Ripple synonymous with the admission of misconduct.
In the 24-hour chart, XRP increased by 2 % and increased the price from $ 2.1 to $ 2.22 after it has been reported that the several years of legal dispute between Ripple and the US stock exchange supervisory authority (Sec) is about to end. According to information the Fox Business Journalist Eleanor Terrett is only delaying the case because Ripple strives for better comparison conditions.
background
On the context: In August 2024, the Federal Supreme Court sentenced $ 125 million to pay the US Securities and Exchange Commission (SEC) because it violated institutional investors against securities rights by selling XRP.
As CNF reports, Ripple proposed to deposit the money in a trust account, which was later accepted by the SEC. However, things are expected to take a different turn because the Commission, led by Mark Uyeda, has given up several top -class legal disputes, including Robinhood, Coinbase and Gemini.
According to Terrett, a source close to her has informed her that Ripple finds it unfairly to conclude the case by paying the existing punishment if regulatory clarity could solve the underlying problem.
The assumption of judge Analisa Torres from June 2023 would imply that Ripple admits misconduct, as explained by the FOX Business journalist. By judgment, the judge pointed out that the 1,278 direct sales of Ripple have violated institutional customers of securities law. However, sales of small investors via stock exchanges were not a violation, as explained in detail in our previous report.
“The argument is that if the new SEC leadership abolishes the enforcement for all crypto companies previously targeted because it believes that regulatory clarity will solve the underlying problem, why should Ripple be punished? Accepting the TORRES decision in its current form would mean that Ripple essentially agrees to admit misconduct-but now the SEC itself is apparently unsure whether there is misconduct. “
Other expert – a different opinion
On March 1st, a renowned lawyer, who was identified on X as Metalawman, shared that the reason for the delay could not be the Sec. According to him, Ripple could have serious conversations with the SEC to “abolish” some or all decisions announced by Richter Torres. While he admitted that the judgment was generally good for XRP investors, the partial violation of securities laws and the imposition of an injunction could be “not so great for the blockchain company.”
In his contribution, Metalawman also made it clear that his observation could apply if Ripple is considering a future initial coin offer or a freed -be -secular offer of securities.
“I think the SEC immediately accepted a comparison – in which both sides withdraw its appeals and the Secic? So it makes sense, at least for me that Ripple could negotiate a better deal than it. This is all pure speculation on my part. I could be wrong. Wouldn’t be the first time. “
