Editor's PiCK
Ripple-SEC settlement, verdict could come as early as the 16th…"Don't get your hopes up"
Summary
- It was reported that investors are focused on whether the lawsuit between Ripple and the SEC could be resolved.
- There are rumors that a verdict on the settlement jointly submitted by both parties could come as early as the 16th, fueling expectations for a rise in the price of XRP.
- Experts advised that even if a swift verdict is delivered, investors should not get their hopes up too much.
Attention is focused on whether the lawsuit between Ripple, the issuer of XRP, and the Securities and Exchange Commission (SEC) could be coming to a close. The two parties recently jointly submitted a settlement proposal to the court, and a result is expected soon.
On the 15th (local time), cryptocurrency-focused media outlet Coinpedia reported that there are rumors in the community that a verdict on the settlement between Ripple and the SEC could come as early as the 16th.
Among investors, there is growing expectation that the price of XRP could rise as a result. Many investors predict that, if the settlement passes the court, XRP could surge up to $5.
However, experts urged caution. Lawyer Bill Morgan recently stated on X (formerly Twitter), "Judge Analisa Torres took only seven days to reject a similar joint settlement request," adding, "Given the speedy rulings in previous cases, a similar verdict may be delivered this time as well."
Uk Jin
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