The post Crypto Lawyer Outlines Benefits Of SEC-Ripple Settlement appeared first on Coinpedia Fintech News
Despite the ongoing legal battle between the SEC and Ripple for more than two years, the Securities and Exchange Commission has reached settlements with leading cryptocurrency companies such as BlockFi and Kraken for violating securities regulations in the United States.
The XRP community has been closely observing the recent settlement between the SEC and Kraken, as they believe the agency has much to gain by reaching a resolution with Ripple.
Could The SEC Benefit From A Settlement?
Crypto lawyer and enthusiast Bill Morgan recently outlined in a tweet five potential benefits the SEC may reap from settling with the cryptocurrency firm. He suggests that similar to Kraken’s settlement, Ripple may be required to pay a substantial fine as part of any agreement with the SEC. The lawyer also pointed out that if the SEC settles the matter, it may support the agency’s case against Ripple.
A settlement could also grant the securities regulator permission to keep the controversial documents produced by William Hinman in 2018 confidential. Additionally, Morgan asserts that a settlement between the SEC and Ripple, the leading blockchain company, may avoid the risk of receiving an unfavorable ruling on the concept of fair notice.
Moreover, a successful settlement would avoid a decision on the blue sky investment contract issue.
In its lawsuit against Ripple, the SEC claims that the company engaged in securities fraud by artificially inflating the prices of XRP, Ripple’s native digital currency, through market manipulation and false statements regarding potential partnerships with banks.
However, Ripple’s CEO Brad Garlinghouse denies these allegations, calling them “ridiculous” and declaring that they are ready to defend their case in court if necessary.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks