The Ripple-SEC saga continues to captivate the crypto world, with recent speculation about an imminent settlement reaching fever pitch. However, a leading legal expert is pouring cold water on the excitement.
Bill Morgan, a seasoned figure in crypto law, has dismissed the notion of a forthcoming settlement as “contradictory nonsense.” His argument is straightforward: if settlement talks are underway, it suggests the legal battle is already over, with the court having rendered a decision. In Morgan’s view, a settlement is a compromise, not a dramatic showdown. It involves both parties relinquishing something to reach a resolution.
The recent buzz stems from Ripple CEO Brad Garlinghouse’s cryptic hint of a looming “showdown” with the SEC. This sparked rumors of a potential breakthrough, even going as far as predicting an XRP ETF or Ripple IPO by 2025. But Morgan remains grounded, anticipating a court ruling on penalties and injunctions by early August. He cautions that the implications of a settlement extend beyond the immediate case, affecting not only current XRP sales but also potential future ones.
Marc Fagel, a former SEC official, echoes Morgan’s skepticism about a settlement being discussed in closed-door meetings. He emphasizes the importance of accurate information and warns against the spread of unfounded rumors.
While the crypto community eagerly awaits a resolution to this high-stakes battle, it’s crucial to approach speculation with caution. The Ripple-SEC case has far-reaching consequences for the industry, and its outcome will undoubtedly shape the regulatory landscape. As the legal process unfolds, it’s essential to rely on expert analysis and avoid getting caught up in the hype.
Ultimately, the truth lies in the courtroom, and only time will tell how this chapter in the crypto story will conclude.
UPDATE: The courts have ruled that Ripple will pay $125 million in fines, ending the long case.
