Ripple Vs. SEC Could See Settlement This Thursday: Here’s Why

Quick Summary:

The ongoing legal battle between Ripple Labs Inc.and the US Securities and Exchange Commission (SEC) could end this week with a settlement between the two parties, as the SEC has scheduled a meeting behind closed doors for Thursday, July 18, 2024.Ripple Vs.

The non-public status of the meeting is based on the General Counsel’s certification that the discussion falls within several exemptions under 5 U.S.C.552b(c) and 17 CFR 200.402(a).

These exemptions relate to such matters as privacy (c)(6), law enforcement proceedings (c)(7), financial or commercial information (c)(4), and internal personnel rules and practices (c)(2).

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: Hungary

Topics: Ripple US Securities and Exchange Commission SEC Ripple SEC Settlement Ripple news XRP lawsuit Ripple vs SEC XRP XRP news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 06:50:57 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21622901

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