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Ripple vs SEC Saga: Possible Settlement Is on Horizon with SEC Meeting Planned for Today
In the ongoing protracted legal battle between Ripple Labs Inc and the US Securities and Exchange Commission (SEC), unconfirmed reports have swirled that a settlement announcement may be on the horizon today.
Incoming Turning Point in Ripple vs SEC Case?
Ripple and the SEC are reportedly on the verge of concluding their three-year legal battle, with speculations pointing towards a settlement on November 30. This would mark a crucial milestone, given the SEC’s partial loss to Ripple in the initial court ruling and the denial of its interlocutory appeal.
The upcoming closed-door meeting, known as the Sunshine Act Meetings, is expected to address various topics, including the institution and settlement of legal actions, resolution of litigation claims, and matters related to examinations and enforcement proceedings.
The SEC’s legal action against Ripple dates back to December 2020 when
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