US Judge Orders SEC and Ripple to Schedule Settlement Conference
US Judge Sarah Netburn has ordered the Securities and Exchange Commission (SEC) and Ripple to agree on possible settlement dates if they believe it would be constructive. This follows Judge Analisa Torres referring the next phase of the court proceedings in the Ripple vs. SEC suit to Judge Netburn. The judge’s order requires both parties to agree on three mutually convenient dates for a settlement conference.
Key Points:
– Judge Netburn’s order requires SEC and Ripple to agree on settlement dates.
– The court will not tolerate last-second requests for settlement conferences or adjournments on litigation deadlines.
– The pretrial phase is a common stage for parties to consider settling instead of going to trial.
– The order does not guarantee a settlement within 6-8 weeks, but only pertains to scheduling a conference.
– Pro-XRP lawyer believes a conference will be scheduled but expects both sides to fail to reach a compromise.
Hot Take: Ripple and SEC may schedule a settlement conference, but reaching a compromise seems unlikely.
This recent order by Judge Netburn indicates that settlement discussions between Ripple and the SEC may be on the horizon. However, it remains to be seen if both parties are willing to take the settlement route. While a conference may be scheduled, the previous failed attempts suggest that reaching a compromise acceptable to both sides will be challenging. The outcome of this case is crucial for regulatory clarity in the US crypto markets, and Ripple’s partial victory in Judge Torres’ ruling has already had a significant impact. The SEC is still assessing the order and will determine its next steps accordingly.
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