Legal dispute between Ripple and US stock exchange supervision: agreement in sight after long delays

Veröffentlicht:

Von:

Endphase des Rechtsstreits zwischen Ripple und der US-Börsenaufsichtsbehörde Der Rechtsstreit zwischen Ripple und der US-Börsenaufsichtsbehörde (SEC) hat sich in die finale Phase bewegt und steht kurz vor einer Einigung. Trotz der vielen Verzweigungen des Falles, die bisher zu Verzögerungen führten, berichten Insider, dass eine Lösung bald in Sicht ist. Eleanor Terrett von Fox hat in Erfahrung gebracht, dass der Fall Ripple "kurz vor dem Abschluss steht und bald beendet sein könnte." Dennoch könnte das Urteil von Richter Torres aus dem August 2024, das Ripple zu einer Geldstrafe von 125 Millionen US-Dollar verurteilte und den Verkauf von XRP an institutionelle Anleger …
The final phase of the legal dispute between Ripple and the US stock exchange supervisory authority The legal dispute between Ripple and the US stock exchange supervisory authority (SEC) has moved into the final phase and is about to be settled. Despite the many branches of the case, which previously led to delays, insiders report that a solution will soon be in sight. Eleanor Terrett from Fox has found out that the Ripple case "is about to be completed and could soon be over." Nevertheless, Richter Torres's judgment from August 2024, which Ripple sentenced to a fine of $ 125 million and the sale of XRP to institutional investors ... (Symbolbild/KNAT)

final phase of the legal dispute between Ripple and the US stock exchange inspectorate

The legal dispute between Ripple and the US stock exchange supervisory authority (SEC) moved into the final phase and is about to be settled. Despite the many branches of the case, which previously led to delays, insiders report that a solution will soon be in sight.

Eleanor Terrett from Fox has found out that the Ripple case "is about to be completed and could soon be over." Nevertheless, Richter Torres's judgment from August 2024, which Ripple sentenced to a fine of $ 125 million and prohibited the sale of XRP to institutional investors, could stand in the way of a rapid agreement between the Sec and other crypto companies.

regulatory landscape in change

The situation of Ripple is unique in that it occurs in the middle of a restructured regulatory environment. In the past, the SEC has rejected similar cases with other crypto companies, but the Ripple case is particularly challenging due to its complexity. If Ripple actually has to pay his punishment, this could contradict the new attitude of the SEC for the responsible regulation and give the impression that the company accepts misconduct.

agreement in private comparison

Lawyer Jeremy Hougan noted that the only way to a quick solution lies in a private comparison between the parties, which deviates from the judgment of judge Torres. Such a comparison could end the appeal procedure and prevent the conditions from coming back to the district court.

The injunction that affects Ripple's institutional XRP sale could also act as an obstacle to a solution. Hougan suggests that it would be in the best interest of the SEC not to enforce the decision. It is skeptical that the SEC will remove the interim decision, but sees the possibility of an agreement on less serious questions that Ripple would allow to register the sale of XRP to institutional investors.

Possibilities of the court permit

It is important that the Court of Appeal cannot approve or confirm a comparison between the parties, since it is not authorized to issue or enforce judgments. Even if a comparison is approved in multiple procedures, the cases would be returned to the court.

The conditions of a possible comparison must be presented to the district court, whereby there is always a risk that judge Torres rejects him. However, there is also the possibility that approval and a possible change in the judgment can be achieved - a rarity in practice. The prominent crypto lawyer James Murphy explains that it is anything but certain that a federal judge cancel an earlier judgment in the context of a comparison.

ripple’s growing market position

While Ripple and the SEC are trying to clarify the enforcement measures that have been going on for four years, the company is increasingly being strongly on the global financial front. Ripple recently received the approval of the Dubai Financial Services Authority and is the first licensed blockchain payment provider, which is recognized by the Dubai International Financial Center.

The coming weeks could be decisive for the future of Ripple and the entire crypto industry, while the parties work towards a possible agreement.