James Murphy, a well-known financial services lawyer, has provided insights into the ongoing legal case involving Ripple. The prolonged delay in resolving this case may be attributed to the company’s negotiations rather than actions taken by the SEC.

A recent ruling has favored XRP holders, yet it has also highlighted securities law violations that could affect Ripple’s future initiatives. These initiatives may include potential exempt securities offerings or an IPO. Murphy speculates that the SEC might have preferred a straightforward resolution involving a $125 million penalty, but Ripple appears to be challenging certain elements of the ruling, complicating the situation further.

John Deaton, a prominent legal figure representing XRP holders, supports Murphy’s theory, emphasizing the community’s ongoing concerns regarding the status of the case. Despite inquiries directed at the new SEC commissioners, no clear timeline for the resolution of the case has been established, leaving speculation and negotiations unresolved.

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