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XRP Case: Ripple and SEC May Have Had Secret Settlement, Believes Lawyer
In a surprising twist, a lawyer has suggested that Ripple and the Securities and Exchange Commission (SEC) may have had a secret settlement in the ongoing XRP lawsuit. This raises questions about the potential implications for the case’s outcome.
According to recent reports, it is possible that Ripple secured a key license in the United Arab Emirates. While this could be a major breakthrough for the company, there is still uncertainty regarding the legal framework surrounding their activities.
The lawyer believes that if such a settlement were reached, the SEC would have to let Ripple operate without enforcing the original injunction. This would be a significant development, as it would mean that Ripple can continue its business operations without being restricted by court-issued orders.
However, there is another path that Ripple could take: taking the case back to the trial court and asking for an amended judgment. While this approach carries some risks, legal precedent suggests that courts often defer to the SEC’s position in settlements.
It’s also possible that a private deal may be reached without any public disclosure. In the past, corporate legal battles have resulted in confidential agreements that remain unknown until years later. Similarly, Ripple’s case could follow this path, leaving the cryptocurrency community in the dark about the terms of the settlement.
The crypto community is eager for more information on this developing story.
Source: https://u.today/xrp-case-ripple-and-sec-may-have-had-secret-settlement-believes-lawyer
