The post Former Lawyer Says SEC Won’t Discuss Ripple Settlement in Upcoming Meeting appeared on BitcoinEthereumNews.com.

Retired securities lawyer Marc Fagel dismisses speculations that the U.S. SEC could agree to settle its multi-year lawsuit with Ripple during its upcoming Sunshine Act meeting.  For context, rumors have been spreading in the XRP community that the SEC might discuss a settlement with Ripple during its upcoming closed-door meeting. Top SEC commissioners and officials will attend the meeting, which is scheduled for 2 PM (ET) on July 18.  Potential SEC v. Ripple Settlement  According to the Sunshine Act notice, the SEC officials will focus on four major agendas, including settlement of administrative proceedings and injunctive actions, as well as resolving litigation claims.  With settlement being among the four agendas, XRP enthusiasts speculated that the SEC could officially settle with Ripple, thus ending the multi-year legal tussle.  Popular XRP community figure and Dizer Capital founder Yassin Mobarak recently weighed in on the matter, suggesting that the SEC is unlikely to agree on a settlement with Ripple.  Upcoming Sunshine Meeting Won’t Lead to a Settlement  Reacting, Fagel, who was a former SEC regional director, humorously highlighted a recurring pattern of anticipation and disappointment surrounding the regulator’s closed-door meetings.  He emphasized that the SEC has had about 150 nearly weekly closed-door meetings since it introduced the Ripple lawsuit.  According to him, the crypto community optimistically speculates that the SEC is discussing a Ripple settlement at each of these meetings, often accompanied by the hopeful declaration, “This is DEFINITELY the one!”  However, he suggested that the upcoming meeting is not the one that could lead to a settlement in the Ripple lawsuit.  I mean, they’ve had about 150 of these nearly-weekly meetings since the case was filed, and Crypto Twitter was convinced a settlement was being discussed at every one of those meetings, but this is DEFINITELY the one! [Narrator: It’s not the…

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Filed under: News - @ July 17, 2024 11:18 am