Ripple, the company behind XRP, has been embroiled in a legal battle with the U.S. Securities and Exchange Commission (SEC) for years, but recent comments from Ripple CEO Brad Garlinghouse have led to speculation that the dispute could soon be resolved.
In a recent interview with Bloomberg, Garlinghouse declined to comment on whether Ripple was actively discussing a settlement with the SEC, but said he expected the outstanding legal issues to be resolved “very soon.”
The anticipation of this legal solution has pushed up the price of XRP and led to increased user activity on the network. Blockchain analytics platform Santiment reported a spike in user activity on Ripple’s XRP Ledger. Active addresses and new address creations hit their highest single-day level since March last Thursday.
Ripple’s Chief Legal Officer Stuart Alderoty recently celebrated the one-year anniversary of Judge Analisa Torres’ mixed ruling on the dispute:
“While our case as a whole is not completely over (remedies still pending), the Court’s decision that XRP is not a security will not change (even the SEC told the Court it would not appeal that conclusion).”
Crypto traders speculated that a closed-door SEC meeting scheduled for last week could lead to a settlement announcement, but that meeting has been postponed until next Thursday, July 25, according to the agency’s website. Topics of the closed-door meeting include initiating and resolving administrative proceedings, resolving litigation claims, and other matters related to investigations and enforcement actions.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/xrpde-beklenen-buyuk-gun-25-temmuza-ertelendi-ripple-ceosu-son-durum-hakkinda-konustu/
