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Settlement speculations rise in SEC vs Ripple case, conference scheduled for April 2024

EditorAmbhini Aishwarya
Published 10/09/2023, 06:46 AM
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Speculation is growing within the XRP community about a potential settlement in the Securities and Exchange Commission (SEC) lawsuit against Ripple, involving Brad Garlinghouse and Chris Larsen. The rumors have been fueled by Jeremy Hogan of Hogan & Hogan Law Firm, who predicts an 18.987% likelihood of a settlement by December 21, 2023.

This speculation comes after Judge Analisa Torres ordered a settlement conference to be held before April 16, 2024. Many view a settlement by the end of this year as a victory for the SEC, given the ongoing discussions and tweeted speculations circulating within the community.

Despite this, there is skepticism about a possible settlement even with Ripple's current advantage in the lawsuit. This skepticism is supported by John Reed Stark, an expert in securities enforcement and compliance. The XRP community and interested parties are eagerly awaiting an official update on the matter.

However, it's important to note that these are just speculations at this point. The outcome of the lawsuit and any potential settlement will ultimately depend on the developments in the courtroom and negotiations between the involved parties.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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