The legal battle between Ripple and Us Securities and Exchandice Commission (SEC) does not end. Although the American Court of Appeal agreed to The case stopped for 60 daysMany ask now, what is happening behind the scenes?
Meanwhile, prominent encryption lawyer James Farrell shed light on him. Let’s see what?
Settlement talks, public subscription hopes
According to James Farrell, this break in the case may mean a big coming. The court arrested the appeal at the present time after it requested both Ripple and SEC together.
Farrell believes Ripple and SEC may work on two things; A possible settlement and “index judgment” from Judge Torres. Ripple wants the judge to allow them to sell icons for the use of certain rules, which they cannot do now because of their previous violations.
Why is this important?
Well, if Ripple is not able to sell special codes separately, it is almost impossible to be announced anytime. While other encryption companies may launch subscriptions, Ripple could be stuck in waiting for years for public subscription subscription.
Ripple of two parts ask
Farrell says there are two ways that can be done. On the first track, Ripple sends a settlement view to SEC. If the Supreme Education Council says yes, but it denies the proposal to change the rules, Ripple will settle the case, and the appeal ends.
But they still need Judge Torres’s approval to change the rules. This may take from another 3 to 6 months, and there is no promise to agree on it.
The second track is more difficult but has more capabilities. If the Supreme Education Council approves both the settlement and the Ripple request to change the rules, the case will return to Judge Torres. After that, you will decide what to do next, but this may take months, depending on the speed of its move.
What is the next ripple?
If things go smoothly, a settlement can be reached and rejected appeals within a month. But if Ripple needs to submit the application separately with Judge Torres after the appeal, this decision may take another 3-6 months.
If SEC and Ripple are not able to agree, the issue may return to appeal, and perhaps the schedule pushed to 2026 or even 2027. At the present time, all eyes are in the next step for SEC, expected by June 15.
