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Insiders: The Ripple vs. SEC case is expected to soon reach a final judgment, and Ripple may not need to pay hefty fines.
BlockBeats news, on March 13th, journalist Eleanor Terrett posted on social media that two exclusive sources said that the SEC and Ripple case may end soon. As for why the resolution of the Ripple case has taken so long, Eleanor Terrett said that the latency in reaching a protocol is due to Ripple’s legal team negotiating more favorable terms after the August court ruling, which imposed a $125 million fine on the company, including a permanent injunction prohibiting the company from selling XRP to institutional investors. The argument is, if the new SEC leadership believes that regulatory clarity will resolve the fundamental issues and clears the enforcement list of all previously targeted cryptocurrency companies, why should Ripple still be punished? Accepting Torres’ ruling would essentially mean that Ripple agrees to admit wrongdoing - but now the SEC itself seems unsure if any wrongdoing has occurred. For this matter, there is no real script to explain why this case takes longer to resolve than others. stay tuned.