Ripple vs. SEC: According to a top journalist, a resolution is imminent.

Ripple vs. SEC: According to top journalist, a settlement is imminent – XRP affected

A well-connected journalist reports renewed movement in the lawsuit between the SEC and Ripple. According to her information, a compromise could be announced in just a few weeks. XRP investors can hope.

In the lawsuit by the U.S. Securities and Exchange Commission (SEC) against Ripple about XRP, there are again indications of a nearing end. This time, Eleanor Terrett, who works for Fox Business, is spreading the news on platform X. According to her, the SEC and Ripple could reach a future-valid settlement before the end of the year. Terrett refers to “sources with insight into the case.”

The rumored developments in this high-profile case fuel hope among XRP investors. Should a settlement be reached, decisive clarity for the future of Ripple and XRP would be expected. Would the SEC backtrack? Would Ripple agree to a compromise, especially with penalties? And what were Ripple willing to offer in the negotiations to bring the matter to an end? There are no secure statements yet.

So far, the evidence seems to weigh more against the SEC, at least that’s how the court saw it in mid-July. There, in a test decision, XRP was largely declared not to be a security. Since then, the XRP price has risen significantly, even though the SEC quickly announced an appeal against the interim decision. Eleanor Terrett reports her research results in a multi-part series. According to her, the SEC is now likely to be under pressure for a solution, for example due to the simultaneously failed attempt to take action against Binance and Coinbase.

What can be expected for XRP with a compromise? Certainly, some temporary uncertainty for investors will end. However, could clauses in such a compromise also contain financial burdens for Ripple as a company, which would ultimately negatively impact XRP? If Ripple is forced to alter its services and sales of XRP in the US as part of a settlement, this could, in adverse cases, affect XRP’s trading volume. However, the final verdict on these considerations remains speculative. Ripple’s legal representatives referred to the court in summer 2024 as the latest official deadline for the start of the actual trial, should no prior compromise be achieved.