Ripple v. SEC Settlement? Former SEC Director Doubts It, Says Ruling Might Come in Days

It appears that the case between the US Securities and Exchange Commission (SEC) may be going to trial soon.

The former director of the SEC’s San Francisco office, Mark Fagel, speculated about the matter on Twitter, saying he thought a ruling could come in a few days.

Will the SEC settle with Ripple?

according For Fagel, “the settlement would not set a legal precedent.” However, he also said that if there was a settlement, “it looks like it would have already happened.” He noted that “on the eve of trial” settlements are also not unusual, but the impact of an injunction on future XRP sales appears to be a sticking point.

In addition, he also said that “guessing is a judgment that will come in a matter of days.” Fagel stated that even if he was wrong, there is currently no basis for believing that the delay in this case is due to anything “beyond the complexity of the case”.

My only reference point is the last open command; Which suggests to me that the court has already determined what the verdict will be. (…) I think the fact that she (Judge Torres) discloses material that, if relevant at all, would only appear at trial rather than SJ (i.e. speech material) indicates that at least some of this is destined for trial; Beyond that is speculation.

Hinman’s unsealed letter

Fagel’s disclosure of the documents marks the latest development in Ripple v. SEC when Judge Annalisa Torres revealed Hinman’s speech to the public.

like Potato encryption According to the reports, Ripple’s head legal office has called for it to be removed from the SEC’s website and not to be called up again in any discussions about whether or not an asset is a security.

The letter was central to the committee’s legal efforts, as it alleged that the sale of XRP in 2013 amounted to an offering of unregistered securities. On the other hand, Ripple maintains that the letter describes ether as a commodity, which should also disqualify XRP from being a security since it was sold in a similar manner.