Could the Ripple v. SEC be coming to a settlement? See what the former director of the SEC’s San Francisco Office, Marc_Fagel, thinks here -
It seems that the case between the United States Securities and Exchange Commission might soon be headed for trial.
The former Director of the SEC’s San Francisco Office, Marc Fagel, speculated on the matter on Twitter, saying that he thinks a ruling might be coming in a few days.to Fagel, a “settlement wouldn’t be a legal precedent.” However, he also argued that if there were a settlement to be had, “it seems like it would have happened already. He mentioned that “eve-of-trial” settlements are also not unusual, but the impact of an injunction on future XRP sales seems to be a sticking point.
In addition, he also said that his “guess is a ruling is coming within days.” Fagel mentioned that even if he’s wrong, there’s currently no basis for thinking that the delay of this case is because of anything “beyond the complexity of the case.” My only point of reference is the recent unsealing order; that suggested to me that the Court had already determined what the ruling would be. […] I think the fact that she’s unsealing materails that, if relevant at all, will only come out at trial rather than on SJ suggests that at least some of this is headed for trial; beyond that is speculation.Fagel’s unsealing of documents refers to the most recent development in the Ripple v.
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