Legal expert Fred Rispoli has projected a potential settlement between Ripple and the Securities and Exchange Commission (SEC) following the recent dismissal of charges against Ripple's top executives. The ongoing discussions surrounding settlement amounts are reportedly taking place among the lawyers representing both parties.
Rispoli offered two possible reasons for the SEC's decision to drop charges: a recognition of its weak case or a loss of credibility in court. In the event that the case is deemed weak, an extended briefing during the remedies phase and an appeal of the July 13 summary judgment could follow. However, if the SEC's credibility is at stake, a settlement may be on the horizon.
Despite settlement discussions having been ongoing since the inception of the lawsuit, no agreement has been reached to date. The court has suggested three potential dates for a settlement conference, but no updates have been made public yet.
The SEC has suffered three losses since July, which may indicate a leaning toward a settlement. While retaining the option to appeal to the Second Circuit following the remedies phase, a loss could potentially set a precedent impacting its future cryptocurrency enforcement agenda.
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