Breaking! Ripple vs SEC Settlement Could Happen On or Before November 15, 2022! 

The post Breaking! Ripple vs SEC Settlement Could Happen On or Before November 15, 2022!  appeared first on Coinpedia Fintech News

The ongoing Ripple vs SEC lawsuit has recently received a lot of attention, as the case is expected to be resolved in the coming months. While the SEC has no new evidence against the company, it is assumed that they will not attempt to file new motions to delay the case. 

Ripple, on the other hand, is ready for a settlement if the claim that XRP is a security is dropped. Hence one can expect a closure around the second anniversary of the lawsuit. 

Recently, Judge Torres overruled the SEC’s objections to turning over the Hinman email where-in he expressed his views on Ethereum. Jeremy Hogan, partner at Hogan & Hogan legal briefs & attorney closely following the lawsuit believes that the delay, due to Hinman’s documents may certainly not affect the judgement that may be ruled in time. 

Attorney Hogan in a series of threads clears the misconception which was hovering around the due date for the SEC to file the reconsideration. He believes, SEC has another 60 days from the date of the ruling which is September 30th, if it wishes to file a reconsideration. However, he hopes the SEC may not appeal. 

However, he also states that Hinman’s documents are not relevant to the core of the lawsuit, Section 5 violation, which is whether XRP is a security or not. It may be only relevant to the Fair Notice Defense, on which the summary judgement has been requested by the SEC & not Ripple. 

Further, in responding to the query whether there is a chance of a settlement before November 15, the Attorney was affirmative. 

Collectively, the Ripple vs SEC lawsuit is believed to reach closure in the coming days, with the SEC ruling in favour of Ripple. However, the SEC may continue with its attempts, while Ripple may prove in a court of law that XRP is not a security.