SEC Closed Meeting Fuels Speculation of Potential Ripple Settlement
Speculations are swirling that a potential settlement between Ripple and the United States Securities and Exchange Commission (SEC) could be on the horizon. The SEC recently held a closed meeting on November 30 to discuss critical matters, including the resolution of litigation claims. This decision to hold a closed meeting suggests that progress is being made towards a possible settlement.
Ripple CEO’s Willingness to Escalate Lawsuit
In early November, Ripple CEO Brad Garlinghouse stated his readiness to escalate the SEC’s lawsuit against his company to the US Supreme Court. During an interview at DC Fintech Week 2023, he expressed his intention to take the legal battle to a higher level if necessary.
XRP Token Performance
The XRP token, which has been at the center of the courtroom standoff between Ripple and the SEC, is currently trading at $0.611. It has experienced a 1.15% increase for the day, a 1.58% decrease on its weekly chart, and a 1.72% gain over the past month.
Hot Take: Potential Ripple Settlement Imminent?
With the SEC’s closed meeting addressing critical issues and potential resolution of litigation claims, it appears that a potential settlement between Ripple and the SEC may be drawing closer. Ripple CEO Brad Garlinghouse’s willingness to take the lawsuit to the US Supreme Court shows his determination to fight for his company’s interests. As speculations continue to circulate, the XRP token’s performance remains closely watched by investors and enthusiasts alike.
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