In response to the U.S. District Court for the Southern District of New York’s rejection of Ripple and the SEC’s settlement motion on the grounds of procedural impropriety, Ripple’s chief legal officer Stuart Alderoty said that the judgment order will not change the outcome of Ripple’s final victory (that is, XRP is not a security, etc.), and Ripple and the SEC fully agree to resolve the case and will re-discuss the litigation issue with the court.
According to crypto journalist Eleanor Terrett, there is still a turn of events in this case. Although Judge Analisa Torres rejected the settlement motion, there is still an opportunity for settlement as long as Ripple and the SEC can meet the legal standards and present compelling reasons to demonstrate that it is in the best interest of the public and XRP institutional buyers.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
