Ripple and the U.S. Securities and Exchange Commission (SEC) have been directed by U.S. District Judge Analisa Torres to work out a possible settlement. This is set for April 16, 2024, and both parties and their legal representatives are obligated to convene for an in-person meeting. The SEC stands to gain more with legal experts noting there is a slim chance that the SEC wins its case against Ripple. The XRP lawsuit has taken an interesting turn that could lead to the end of the legal case. Following a legal loss for the SEC, Ripple CEO Brad Garlinghouse has expressed interest in going public but has insisted this would only be considered after the case was concluded. Ripple has an interest in putting this case to bed and focusing on development. For Ripple, the question would be, is a win in the court better than a settlement behind closed doors? Investors can buy Ripple (XRP) easily and with low fees via PayPal and credit card on Coinbase, which is regulated by the SEC and FINRA in the USA, and by CySEC and FCA in Europe.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 🇨🇾 🇬🇧 |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Brad Garlinghouse, Analisa Torres |
| Companies | MoneyGram, Stellar Lumens, FCA, FINRA, SEC |
| Currencies | Stellar, Bitcoin, Ethereum, moneygram, XRP |
| Securities | None |
