XRP Army Receives Big News About Ripple-SEC Lawsuit Resolution

Fox Business journalist Eleanor Terrett has reported that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple is concluding. According to her sources, the case “could be over soon.”

Terrett noted that the delay in finalizing an agreement is tied to ongoing negotiations between Ripple’s legal team and the SEC regarding the terms of the August 2023 district court ruling. That ruling imposed a $125 million fine on Ripple and placed a permanent injunction preventing the company from selling XRP to institutional investors.

Ripple Challenges the August Ruling

According to Terrett, one of the key points of contention is Ripple’s effort to secure more favorable terms. She stated, “The argument, I’m told, is that if the new SEC leadership is wiping the enforcement slate clean for all previously targeted crypto firms because it believes regulatory clarity will resolve the underlying issue, why should Ripple still be penalized?”

She further explained that accepting the August ruling could be problematic for Ripple because it would mean the company is admitting wrongdoing. However, Terrett pointed out, “now the SEC itself is seemingly unsure whether any wrongdoing occurred.”

Uncertainty Over a Legal Precedent

Terrett emphasized that there is no established precedent for this type of situation, stating, “There’s no real playbook for this kind of thing which could explain why this case is taking longer to resolve than the rest.”

The SEC’s broader stance on crypto enforcement has been shifting, particularly under new leadership. If the regulatory body decides to take a more lenient approach to past enforcement actions, it raises questions about whether Ripple should still face penalties.

Market Reaction and Community Response

Following Terrett’s report, members of the XRP community responded with anticipation. One user, JD, commented, “This would be big! And $XRP will hit my next Take Profit levels sooner than later if it happens!! #XRPArmy #XRPCommunity.”

The potential conclusion of the SEC’s case against Ripple has significant implications for the cryptocurrency industry. A resolution in Ripple’s favor could influence how regulators approach other digital asset firms. Market participants closely monitor the situation, as a final settlement could impact XRP’s price movement.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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