A report on March 13 from a Fox Business News reporter stated that the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple is about to reach a conclusion. The delay is said to be due to Ripple's legal team seeking more favorable terms due to the federal court's ruling in August. This ruling fined Ripple $125 million and imposed a permanent injunction on selling XRP to institutional investors.
Ripple's team argues that if the SEC's new leadership believes that a clear legal framework can resolve the fundamental issues and "wipe the slate clean" with previously targeted cryptocurrency companies, then why is Ripple still being penalized? If Judge Torres' ruling is accepted, Ripple may have to admit wrongdoing - something the SEC is no longer certain about. Since this is an unprecedented case, it may explain why the lawsuit has taken longer than expected. Continue to follow for the latest updates.
