PANews reported on March 13 that Fox Business News reporter Eleanor Terrett wrote on the X platform that two reliable sources revealed that the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple is nearing its end and may end soon. It is understood that the delay in reaching an agreement is due to Ripple's legal team fighting for more favorable terms in response to the federal court's ruling in August. The ruling fined Ripple $125 million and issued a permanent injunction prohibiting the company from selling XRP to institutional investors.
Sources say Ripple's argument is that if the SEC's new leadership believes a clear regulatory framework can solve the underlying problems and therefore "clear" the enforcement record for all previously targeted crypto companies, then why is Ripple still being punished? If Ripple accepts Judge Torres' ruling, it would essentially admit wrongdoing - but now the SEC doesn't seem sure there was any wrongdoing. Since there is no precedent for this type of situation, this may explain why this case took longer to resolve than others. Stay tuned for further developments.
