Ripple Lawsuit: Former SEC Lawyer Warns Towards Overly Optimistic Settlement Expectations

• Marc Fagel warns towards extreme optimism over a possible Ripple settlement.
• Ripple CEO and CLO stay optimistic a few swift decision.
• XRP trades at $0.598, reflecting a 7.53% weekly enhance regardless of uncertainties.

Former Securities and Change Fee (SEC) lawyer Marc Fagel has urged warning amongst market contributors concerning extreme optimism surrounding a possible settlement within the ongoing authorized battle between the SEC and Ripple Labs.

The SEC not too long ago rescheduled a closed assembly, sparking renewed hope inside the XRP neighborhood for a possible settlement. Nevertheless, Fagel has tempered expectations, citing an absence of concrete proof to assist such an outlook. 

The lawyer defined that resolving a posh case like Ripple’s is unlikely at this stage, particularly throughout a closed assembly. He famous: 

“If the enforcement workers had negotiated a settlement with Ripple, they’d have notified the courtroom to forestall the issuance of the treatments ruling whereas awaiting SEC approval,”

The SEC’s case towards Ripple, which started in 2020, entered the trial section in April 2024. The XRP neighborhood eagerly anticipates the conclusion of this intently…

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