The post Influencer Suggests SEC & Ripple Might Settle Legal Battle Soon appeared on BitcoinEthereumNews.com.

Social Media Crypto Influencer Amonyx recently shared a rumor on his X (formerly known as Twitter) account, suggesting that a settlement between SEC and Ripple might be on the way. According to Amonyx, one of his reliable sources stated that both the parties are tired of the prolonged legal battle, which has lasted for nearly four years now and want to see it all end. 🚨Reliable Source Rumor: SEC and #XRP could settle at any moment because both sides are very tired. ⚖️💤 Are you bullish or No 👀#CryptoNews #Bullrun pic.twitter.com/dZ8L7sI20t — Amonyx (@amonbuy) October 9, 2024 The SEC’s recent appeal and filings indicate a complex legal landscape, but there are speculations around the negotiation ending soon. Ripple has experienced significant fluctuations in XRP’s price amid these developments, with traders expressing their support for XRP’s favorable outcome. SEC’s Form C and Ripple’s Cross Appeal Complexities After SEC filed for an appeal against Judge Torres’s ruling, Ripple’s CLO Stuart Alderoty made it public that they are also considering a cross-appeal. To file a cross-appeal, Ripple has only 14 days from October 3, the day when SEC filed the appeal. Filing for a cross-appeal would be Ripple shooting in the dark as SEC is also yet to file Form C. Form C clarifies which aspect of Judge Torres’s ruling does SEC wish to challenge. Once the Form C is filed, Ripple would know which ruling is SEC filing an appeal for and can file a cross-appeal accordingly. SEC has a deadline till October 17 to file for Form C. If SEC fails to file the Form C, Ripple can take a step and ask for motion to dismiss SEC’s appeal. The Possibility of Settlement As per the influencer’s reliable source, with the complexity of the case there are chances that both the…

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Filed under: News - @ October 9, 2024 10:22 am