Ripple News: Is Settlement Underway for Ripple? Xrp Lawyer Explains Why Ripple May Face Challenges

The post Ripple News: Is Settlement Underway for Ripple? Xrp Lawyer Explains Why Ripple May Face Challenges appeared first on Coinpedia Fintech News

The recent dismissal of charges by the SEC against Brad Garlinghouse and Chris Larsen has sparked a wave of optimism in the world of cryptocurrency. However, in a recent interview with Thinking Crypto, attorney Fred Rispoli, suggested that the executives might have more leverage to negotiate additional terms, such as paying attorney fees or penalties.

Rispoli discussed the implications of the recent losses incurred by the SEC in the case and the potential for a settlement. He argued that the SEC’s losses may surpass what is commonly acknowledged, with perhaps as many as six losses over the last three years. While the SEC had aggressively pursued the case, it became apparent that they were not making headway.

The attorney highlighted the changing mindset of the SEC, noting that they had little credibility left in the court’s eyes. Multiple judges had commented on a loss of faith in the SEC’s arguments. This change in perception may push the SEC toward a settlement rather than pursuing the case further.

Rispoli suggested that settlement negotiations, with discussions about potential settlement figures, are likely underway. However, the challenge now lies in finding the right approach to convey to the SEC that Ripple is willing to pay a substantial sum to resolve the matter swiftly and definitively.

Rispoli explained that the negotiation strategy could involve offering to pay more than Ripple should if the case goes to trial. Alternatively, Ripple may adopt a hardline approach, contesting the proposed settlement amount.

He said, “And what I’m saying right now with the SEC is they’re sitting on 770 million right now that they could completely lose and could evaporate into nothing if Ripple wins on appeal. So there’s more for the SEC to lose than Ripple to lose where we are in the case, which is why now the tables have turned, and I think it’s just better for them to settle.”