Ripple-SEC Lawsuit Takes a New Turn as Expert Predicts Appeal Dismissal and Possible Settlement
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Bill Morgan, a renowned lawyer and expert in the field of cryptocurrencies, has made a bold prediction regarding the ongoing Ripple-SEC lawsuit. According to Morgan’s statement, it is more likely than not that the appeal will be dismissed before the August 15 deadline.
The recent development marks a turning point in the contentious legal battle between Ripple and the Securities and Exchange Commission (SEC). As the case approaches its conclusion, Bill Morgan has reiterated his previous claims that there is no pending decision from Judge Torres regarding the lawsuit’s progress. In a social media post, he clarified that any remaining action will depend solely on the decisions made by both parties involved.
For those who may have forgotten, Ripple had previously agreed to drop its appeal and even entered into a conditional settlement agreement with the SEC. However, certain conditions for this settlement were not met, thereby keeping the appeals active.
As we await further developments in the case, it is interesting to note that XRP adoption has been growing steadily as the lawsuit nears resolution. This increased interest is reflected in the actions of several companies, which have publicly disclosed their holdings of XRP on their balance sheets. Moreover, Hyperscale’s subsidiary, Ault Capital Group, announced plans to invest $10 million in XRP for cross-border settlements.
In a surprising turn of events, Morgan also hinted at the possibility of a settlement that may involve a reduced penalty of $50 million and impose no injunctive restrictions on Ripple’s activities. This predicted outcome could see both parties coming together to resolve their differences amicably, with potential long-term benefits for the cryptocurrency market.
While we wait for any final decisions regarding the lawsuit, one thing is certain: Bill Morgan’s prediction has ignited a firestorm of speculation within the crypto community.
Source: coincentral.com
