James Murphy, a financial services lawyer, suggests that Ripple may be negotiating behind the scenes regarding the ongoing case with the SEC, which has not yet been officially closed despite a favorable ruling for XRP holders. The complexity arises from the ruling’s findings of securities law violations, complicating Ripple’s potential future offerings. Meanwhile, John Deaton, representing XRP holders, echoes Murphy’s theory and seeks clarity on the case’s resolution from the new SEC commissioners.
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0 posts last weekRipple SEC Case Delayed Amid SEC’s Shift in Crypto Investigations
Ripple Labs’ ongoing legal battle with the SEC is facing delays due to the complexity of negotiating a resolution regarding a final judgment already in place. Recent SEC investigations into other crypto firms, including Robinhood and Coinbase, have been closed, indicating a shift in the agency’s approach under new leadership. Legal experts suggest that while other cases may be dismissed quickly, Ripple’s situation requires more time for negotiation between the SEC and Ripple’s legal team.
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