XRP community has reacted to fresh rumors regarding a potential settlement of the lawsuit between Ripple and the United States Securities and Exchange Commission (SEC). The speculation has sparked excitement and curiosity among XRP supporters.
A Rumor Unveiled
On September 22, a well-known figure in the XRP community, “XRP Captain,” stirred the conversation by sharing a rumor surrounding a possible settlement between Ripple and the SEC.
According to this hearsay, the two parties may reach an agreement within seven days preceding Ripple’s highly-anticipated Proper Party—an event organized by the blockchain company to commemorate its victory against the regulatory body.
— XRP CAPTAIN (@UniverseTwenty) September 22, 2023
The XRP victory party is scheduled to take place on September 29, 2023, in New York. Speculating that any potential settlement could coincide with this celebration, community members are left to wonder if an agreement has already been forged.
However, it is crucial to note that no official announcement has been made regarding any settlement between Ripple and the SEC. The fact that the securities regulator is hellbent on an interlocutory appeal is an indication that a settlement is uncertain.
Ripple Community Reacts
Unsurprisingly, the XRP community promptly jumped into action, flooding online platforms with their diverse responses to these settlement rumors. One XRP enthusiast, who goes by the username “@zayatos,” expressed his eagerness to organize a party at home if the rumors turned out to be true.
Such enthusiasm reflects the growing sentiment within the community that is desperate for a resolution that could potentially uplift the fortunes of XRP.
A Familiar Tale
Throughout the duration of the SEC v. Ripple lawsuit, various settlement rumors have circulated within the XRP community. Sadly, none of these previous rumors have come to fruition.
One prominent community member, JackTheRippler, previously tweeted about an expected full settlement announcement during the victory party. However, these claims were later debunked by the pro-XRP lawyer, John Deaton, who clarified that no such announcement pertaining to the settlement would be made at the event.
Compliance with Court Orders Still Pending
Following the highly-anticipated summary judgment issued by the court, both the SEC and Ripple were directed to propose three potential dates for a settlement conference. As of now, neither party has complied with this order. The SEC remains focused on appealing the court’s ruling regarding Ripple’s programmatic sales of XRP and other distributions.
Meanwhile, Ripple is preoccupied with an upcoming trial involving two of its executives, Brad Garlinghouse and Chris Larsen. It remains uncertain whether the parties will adhere to the court’s directive and put forth three dates for the settlement conference, however, it’s a matter of choice.
As the XRP community continues to grapple with uncertain prospects, hope remains that these persistent settlement rumors might signal a turning point in the prolonged legal battle. Only time will tell if Ripple and the SEC can find common ground and pave the way for a consensus that could reshape the future of one of the most prominent cryptocurrencies in the market.