- Attorney Fred Rispoli claims that the SEC has caused delays. Lawyer James Murphy believes Ripple prolongs negotiations in order to renegotiate certain aspects of the lawsuit.
- Murphy and Rispoli both agree that this case will be resolved before Ripple’s 16 April appeal deadline.
The U.S. Securities and Exchange Commission’s (SEC) long-running litigation between Ripple and its crypto-related cases is still not over, despite the SEC recently dismissing several prominent crypto-related cases. Many analysts have speculated that Ripple may be trying to prolong settlement negotiations in order to get a better offer.
Murphy Proposes Ripple Playing for Time
James Murphy, a lawyer who also happens to be MetaLawMan for social media website X, believes that Ripple has been in talks with the SEC in order to get major rulings in this case reversed. He bases his theory on the Judge Analisa’s Torres decision, which although beneficial in certain ways also convicts Ripple for breaking securities law. Ripple may be hampered in the future from being able to offer securities or do an IPO. The likelihood that an XRP ETF will become approved by 2025 is also increasing. reported earlier.
Murphy speculates that Ripple may be using the process in place to seek changes to the court’s conclusion before agreeing to the final settlement. “It’s highly possible that Ripple may be dragging out the lawsuit to try and buy more time to negotiate a better deal with the SEC,” “He said”
According to him, the SEC is open to finding a resolution where Ripple would pay its $125m fine and Ripple withdraws their respective appeals. In his view, Ripple, and not the regulatory agency, is what’s holding up the process.
Rispoli refutes Murphy’s Viewpoint
Attorney Fred Rispoli, however, has a completely different view. The SEC, he argues, is the one who has been delaying the settlement. Rispoli said in an earlier statement that Ripple’s financial penalty could have been the reason for the SEC’s unwillingness to sign the settlement.
Rispoli reported that SEC Commissioners Mark Uyeda (Mark Uyeda) and Hester Pettie (Hester Peirce) did not want to be responsible for amending Ripple’s $125-million penalty. “My best guess is that, given the $125M judgment, that is real money that Uyeda and Pierce do not want to have responsibility for modifying,” He said in X post Published on February 25, 2019.
The delay, he said, could have been caused by a desire not to take a controversial decision. He characterized this as an act. “cowardice.” Although there is disagreement over who was responsible for the delays, it appears that both legal analysts agree on one important point: this case is coming to an end. highlighted In our previous article. Murphy sees the likelihood of this issue being settled before the April 16 deadline, when Ripple must submit its last appeal brief. Rispoli predicts that Ripple will be dismissed within the coming months.
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Source: www.crypto-news-flash.com
