Update Ripple V. SEC March 9

TL; D

• The Ripple suit with SEC is still ongoing, with speculation that the company may wait for Paul Attins to take over as the agency’s head to drop or reduce a $ 125 million penalty kick.

• Before resuming the Supreme Education Council, the company was ready to pay the fine.

Are you waiting for this?

The US Securities and Stock Exchange Committee (SEC) has changed its significant approach to the encrypted currency industry since then Departure Its former president, Gary Ginsner. I remember that he refused or stopped many lawsuits against encryption entities, including Binance, CoinbaseKraken, UNISWAPAnd more. but, Its most popular case against Ripple is still ongoing.

Recently, lawyer Farid Rispoli He said He has a new theory about the legal battle. He does not see, “There is no reason that the current committee prohibits 2-1 supporters of the reckoning to appeal and maintain the referee of $ 125 million.”

Millions of millions of millions indicate the decision of Judge Torres since last summer. behind thenshe I command Rulp to pay the amount to violate to be sure rules. The company’s executive was ready to settle the bill, but the regulator submitted an appeal at the last minute, which prolonged the lawsuit indefinitely. that it The reaction has been expected since then The fine It is just a small part of the $ 2 billion that the Supreme Education Council initially requested.

Rispoli assumed that the Ripple team may wait for Paul Atkins to intervene or drop the shape. Atkins, Nominated By President Donald Trump to work as head of the Securities and Exchange Committee, he has not yet taken leadership and must first receive the assertion of the Senate. Currently, the agency is leading Mark Oida, who previously showed support for the cryptocurrency sector.

Over the past few days, there has been increasing speculation that instead of paying a $ 125 million penalty, Ripple may send the equivalent amount in XRP to the strategic encryption reserves recently announced by Trump. Rispoli gave two years to him in this regard, Saying:

“This is possible, but the way we move gradually, I doubt that this is a possible scenario.”

Other opinions

Earlier this month, American lawyer James Murphy Proposal The case cannot be resolved because the company “may try to obtain the Supreme Education Council agree to evacuate some or all the decisions of Judge Torres.”

He sees a $ 125 million penalty as a “wonderful” for XRP holders, but he stressed that the results that Ripple had violated some laws “not great” for the company’s reputation.

During, the Former White House official Anthony Scramuchi Secure The case has ended. In a recent interview with him, he put the case of ripples between those who dropped SEC Recently. the ConversationScott Milker (known as the wolf of all streets) agreed to this assumption.