SEC Prepares for or a Meeting with Ripple
Recently, the US Securities and Exchange Commission (SEC) made an announcement regarding an upcoming closed-door meeting with Ripple. The meeting is set to take place at the end of November 2023. The meeting is expected to address various subjects such as the institution and settlement of actions, handling of proceedings, resolution of litigation claims, and other enforcement-related matters. Top SEC commissioners, Counsel to the Commissioners, the Secretary to the Commission, recording secretaries, and Certain staff members are expected to attend the meeting.
Expectations of a Settlement
The news of this meeting has caused a stir in the Ripple community, sparking speculation about a potential settlement. Many are hopeful that the meeting could lead to a resolution to the ongoing legal battle between Ripple and the SEC.
Revelation of Important Case Dates
John E. Deaton, a prominent pro-XRP lawyer, has revealed the upcoming significant dates in the final case between Ripple and the SEC. According to Deaton, both parties are expected to conclude all remedies-related discovery by February 12, 2024. The SEC is then authorized to submit its brief by March 13, 2024, and Ripple must submit its opposition by April 12, 2024, with the plaintiff responding by April 29, 2024.
Hot Take: Ripple-SEC Meeting Sparks Hope for Potential Settlement
The upcoming closed-door meeting between Ripple and the SEC has raised anticipation about the possibility of a resolution to the ongoing legal dispute. The community is eagerly awaiting the outcome of the meeting, hoping for a positive development to end the protracted battle.
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