XRP Lawsuit: Is Settlement Still In Scenario As Summary Judgment Closes In?
It should be noted that Coinbase delisted XRP when the U.S. SEC announced the legal actions against Ripple Labs and XRP.
XRP Lawsuit News: U.S. Securities and Exchange Commission (SEC) and Ripple Labs are eagerly waiting for District Judge Analisa Torres to announce a decision in the crucial case. Ripple and U.S. SEC recently produced additional references for the court to land a verdict in their favor. As the court is yet to make a decision in the XRP lawsuit, settlement assumptions are making rounds again.
Will Coinbase Relist XRP?
According to an Amicus Curiae in the XRP lawsuit, Attorney John Deaton cleared the air over the Settlement calls. He claims that the only time a settlement would happen in this case will be after Judge Torres’s decision. However, it would be hard for the U.S. SEC Chair to agree that ongoing future XRP sales are not securities.
Meanwhile, the commission is facing pressure from crypto exchange Coinbaseover providing regulatory clarity regarding crypto trading and dealing. It should be noted that Coinbase delisted XRP when the U.S. SEC announced the legal actions against Ripple Labs and XRP. It would be tough for the commission to reverse its claims of the XRP after 2 years.
The attorney added Coinbase Kraken relisting XRP completely depends on the ruling and U.S. SEC’s appeal after it. However, the ruling will also decide Bank of America’s decisions if Judge Torres gets overturned after the commission’s appeal.
A settlement would purely depend on the SEC’s decision of considering the future sales of XRP as non securities. While a decision in Ripple’s favor would facilitate liquidity to return to the U.S.
