Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Experts quell Ripple-SEC settlement rumors
BITCOIN NEWS

Experts quell Ripple-SEC settlement rumors

By Crypto FlexsFebruary 14, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Experts quell Ripple-SEC settlement rumors
Share
Facebook Twitter LinkedIn Pinterest Email

Speculation about a potential settlement in the XRP lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has been met with skepticism and outright dismissal by several legal authorities closely monitoring the case. This development follows a recent court ruling that ordered Ripple to provide comprehensive financial records related to institutional sales of XRP during 2022 and 2023. This decision inadvertently fueled rumors of an imminent agreement.

A recent court order issued by Judge Sarah Netburn delayed the legal process by eight days, allowing Ripple to extend it until February 20 to meet financial disclosure requirements. The extension sparked speculation among observers about a potential agreement.

But with the rebuttal deadline for the relief phase set for April 24, a definitive end to the case is still far away, casting a shadow of uncertainty over the coming months.

Why the Ripple-SEC agreement is ‘nonsense’

Legal voices within the XRP community include: expose Rumors of agreement. Veteran attorney Bill Morgan emphasized the confidential nature of settlement negotiations, saying, “People may not understand that settlement negotiations are confidential and subject to some sort of privilege.” Therefore, there is no sign of an agreement until it is suddenly reached,” he said.

Echoing Morgan’s sentiments, another legal expert, Jesse Hynes, flatly dismissed the rumors as unfounded. “All the rumors about Ripple and the SEC settlement are nonsense until there is an agreement. This is not a leak, and when consent talks are leaked, they often come across as some kind of power play move to exert influence. Don’t believe the nonsense,” Hynes said.

Marc Fagel, a retired securities lawyer, added sarcasm to the discussion, scoffing at the notion of information being leaked in such high-stakes legal matters. “Yes, during the SEC litigation, we always called random anonymous Twitter accounts before we began settlement negotiations. It just seemed like common courtesy.” Fagel said, emphasizing that there is little chance of sensitive information being leaked.

“In the 26 years I have worked as an attorney or as a mediator to negotiate settlements involving hundreds of mediations, I have never once had a party or attorney breach or violate the unbiased privilege granted in mediation or settlement negotiations,” Morgan said. “Yes,” he added. .”

Since the lawsuit began in December 2020, Ripple has been facing serious legal challenges as the SEC scrutinizes institutional sales of XRP. Despite the legal chaos and the resulting bearish impact on XRP’s market performance, Ripple has achieved notable victories in court.

This includes the court’s decision that XRP is not a security and the SEC’s dismissal of the lawsuit against Ripple executives Brad Garlinghouse and Chris Larsen.

XRP price awaits decision

As the case progresses to resolution and important deadlines approach, the cryptocurrency community remains anxious. The outcome of this legal battle could have far-reaching implications for Ripple, related XRP sales, and digital asset prices.

At press time, XRP was trading at $0.52097.

XRP price, 1 day chart | Source: XRPUSD on TradingView.com

Featured image created with DALLE, TradingView.com chart

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025
Add A Comment

Comments are closed.

Recent Posts

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cardano founder says Chainlink quotes ‘ridiculous price’ to them.

September 3, 2025

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025
Most Popular

DLMining Releases 2025 ETH Contract Innovation Plan, Ushering In A New Era Of Inclusive Mining

August 2, 2025

Binance Unveils New ‘Megadrop’ Token Launch Platform, Selects Bitcoin Restaking Chain as First Project

April 20, 2024

Standard Chartered Updated Prediction: Doubts SEC will approve spot Ether ETF in May

April 26, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.