Summary
- Marc Pagel, former SEC chief attorney, stated that the probability of the SEC withdrawing its appeal is virtually 100%.
- It was revealed that the SEC and Ripple discussed the relevant terms privately, raising the possibility of a settlement.
- Following this news, XRP recorded an intraday increase of 4.43%.
On this day, opinions emerged that the Securities and Exchange Commission (SEC) needs to withdraw its appeal for Ripple's case to be completely resolved.
On the 28th, Marc Pagel, a former SEC chief attorney, stated on X (formerly Twitter), "For the Ripple and SEC issue to be resolved, the SEC must vote to withdraw its appeal."
However, Pagel noted, "At present, the probability that the SEC will withdraw its appeal is 100%."
Another attorney, Fred Rispoli, also commented on Ripple's announcement of the appeal withdrawal, saying, "The timing of the withdrawal is remarkable," and added, "It is highly likely that the parties coordinated their statements before the settlement agreement with the SEC was rejected." He explained that Ripple and the SEC had already discussed these terms privately.
Meanwhile, this news also had a positive impact on investor sentiment regarding XRP. As of 2:57 PM today, XRP was trading at $2.18, up 4.43% from the previous day, according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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