Attorney Identifies New Reason Why Ripple vs. SEC Settlement Is Unlikely
Date: 2024-02-26 Author: Dima Zakharov Categories: BUSINESS
Ripple vs. SEC: Likelihood of Settlement
Kraken's Reference to Ripple's Court Decision
In the latest twist in the legal saga between Ripple and the SEC, Kraken, a cryptocurrency exchange, has invoked Ripple's recent court ruling in its motion to dismiss SEC's charges. Attorney Morgan believes this move makes a global settlement in the Ripple case highly improbable at this stage.
Legal Experts' Analysis
Several legal experts have proposed different avenues for resolving the SEC's lawsuit against Ripple. While some anticipated a court resolution, others predicted a negotiated settlement, potentially ending the years-long legal feud.
Attorney Morgan's Insights
Attorney Bill Morgan suggests that recent developments in Kraken's legal proceedings could negatively impact the chances of settling the Ripple case. He notes Kraken's use of Ripple's court ruling in its defense strategy, indicating a possible prolonged legal battle.
Potential Appeal by SEC
The possibility of an appeal by the SEC looms large, especially considering its previous attempts to overturn Ripple's court decisions. However, Judge Torres' dismissal of SEC's interim appeal suggests a prolonged legal process, with the final resolution expected by year-end.
Conclusion
The Ripple vs. SEC legal battle continues to garner attention as new complexities emerge, leaving the possibility of a settlement uncertain. With both parties digging in their heels, the crypto community awaits further developments in this high-stakes courtroom drama.
