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Ripple Team Blamed for Delaying XRP Lawsuit Final Verdict!
The ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) has taken another turn. According to a recent report, the Ripple team is being blamed for delaying the final verdict in the case.
As you may know, the SEC filed a lawsuit against Ripple in December 2020, claiming that XRP was an unregistered security token. The court ultimately ruled that XRP is not a security token, but rather a non-security token. However, this decision also came with a fine of $125 million.
The recent report suggests that the Ripple legal team has been attempting to negotiate more favorable terms for the company. This negotiation process, allegedly, is causing a delay in reaching a final verdict in the case.
It’s essential to note that any outcome from this lawsuit will not have a significant impact on the price or performance of XRP. However, it may be interesting to see how the SEC responds to the recent developments and whether Ripple can reach an agreement with them.
In other news, Ripple has secured regulatory approval from the Dubai Financial Services Authority (DFSA) to provide fully regulated cryptocurrency payment services in the United Arab Emirates (UAE). This milestone is a significant development for the company as it now becomes the first blockchain payments provider licensed by the DFSA.
Source: https://bitcoinik.com/ripples-blamed-delay-xrp-lawsuit-final-verdict/
