Ripple's SEC Lawsuit: Legal Expert Predicts 40% Chance of Settlement as Ruling Approaches

Quick Summary:

In an escalation of the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC), the regulatory agency has advanced its position by filing a Motion for Remedies and Entry of Final Judgment, which notably includes a request for a $2 billion penalty against Ripple.

Meanwhile, the document also reveals that Ripple is still signing contracts with institutional buyers.

Fred Rispoli, a pro-XRP lawyer and founder of HODL Law, has provided a detailed analysis of the SEC’s motion through a series of comments on X (formerly Twitter).

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: SEC XRP XRP news Ripple Pro-XRP lawyer US Securities and Exchange Commission Ripple news Ripple labs Fred Rispoli

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-03-26 @ 23:00:38 (1 months ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 604 words

Reading Time: 4 minutes read

Sentences: 36 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 20531427

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