Many people wonder: As the SEC case against Ripple continues to make headlines: Why is there silence? Despite recent SEC activities in which cases have fallen against major players like Coinbase, Gemini and Robinhood, Ripple’s case remains unresolved and it’s not simple.
The Ripple-XRP case has reached a critical point where judges have already issued divisional decisions. On the one hand, the SEC won a portion of the case, and Ripple claimed victory over another. The biggest takeaway? XRP was not classified as security. This is a huge victory for Ripple and its community. However, there are no open issues yet, such as discovering a violation of securities law or penalties that Ripple may face.
Legal expert James Murphy, aka Metauman, has a theory of unexpected delays. He suggests that Ripple could hold active negotiations with the SEC to exempt Judge Torres from the decision. Ripple may be looking for better deals, especially if you are looking at future securities offers and IPOs. If both parties dismiss their appeal, Ripple could potentially settle with a $125 million penalty, but can they push more?
@Ripple There is a theory about the unexplained delay of the SEC when rejecting the case.
That may not be the SEC.
It is possible that @ripple is working hard to agree to the SEC to exempt some or all of the judge’s decisions.
Torres’ decision was definitely a great one…
– Mebawman (@mepam) March 1st
But Murphy also wrote: This was pretty common when I started my legal business a few years ago, but judges have recently started balking about this. ”
This remains speculation, but Murphy’s theory has gained support from people like Attorney John Deaton. Additionally, while the settlement process could be dragged down, Ripple could be strategically waiting for market conditions to improve. As XRP continues its downward trend, the timing of positive announcements may need to coincide with a wider market recovery, particularly with regard to increasing XRP prices.
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