Crypto lawyer said Ripple and the SEC might not settle out of court. XRP remained in the drop zone as CTO shared his opinion on the token performance. The two-year-long Ripple [XRP] battle against the SEC might not end in a settlement, John .E. Deaton opined in his 1 January tweet. The Blockchain enthusiast and […]
of the Twitter poll, 59.2% suggested that both parties would settle. However, 40.8% went in the opposite direction. In responding to the outcome, Deaton pointed out that he was also of the opinion that they would settle.
IMO, the only other reason for Gensler to settle is to avoid a ruling setting a bad precedent for the SEC as it goes against other tokens. But, tbh, I just don’t think he’s too worried about it. There’s been a push for the CFTC to oversee Crypto, so Gensler may roll the 🎲 dice.This belief was born out of the Hinman emails that the SEC would prefer to. The lawyer argued that the SEC might have backpedaled on its previous objectives, and this fostered a judgment instead of an agreement.
“The only other reason for Gensler to settle is to avoid a ruling setting a bad precedent for the SEC as it goes against other tokens. But, tbh, I just don’t think he’s too worried about it. There’s been a push for the CFTC to oversee Crypto, so Gensler may roll the dice.” The other tokens that the SEC planned on laying before the United States Department of Justice included
and Mango [MNGO]. So, in a case where the SEC opts in for settlement, it could give the DOJ reason to throw out the case against the other two.For the XRP token, conversations around a potential trump could not take it out of the $0.3 region. At press time, it picked up a 1.74% increase in the last 24 hours, according to
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