Despite resolution claims, Ripple’s high-profile legal conflict with the United States Securities and Exchange Commission remains unsettled. While Ripple executives have stated the case is over, the SEC continues to assert that proceedings are ongoing.
Brad Garlinghouse announced through his role as Ripple’s Chief Executive Officer that the legal case had ended with decreased monetary punishment. Ripple’s Chief Legal Officer verified that both sides withdrew their appeals, which indicated an apparent conclusion.
The company made public its plan to pay a $50 million settlement amount, starting from an original proposal of $125 million. The crypto industry welcomed this development because it marked an essential stride in resolving the extended legal conflict.
However, the SEC has failed to issue any public statement regarding the official termination of this matter despite ongoing concern about its current status.
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A new development materialized when Justin W. Keener filed a motion to present evidence before the Ripple court. SEC officials argued against the motion, stating that the District Court does not have jurisdiction over the request since it already moved to the Second Circuit.
Furthermore, the SEC also argued that Keener failed to comply with proper legal procedures for intervention. It maintained that Ripple alone can assess the usefulness of external materials presented during litigation.
SEC Filing Signals Ongoing Appeal Despite Public Settlement Claims
Meanwhile, Attorney Bill Morgan pointed out a specific section in the SEC’s opposition that deepens the confusion around the case. The commission’s statement to Judge Torres mentioned the matter remains active in the appeal process.
This direct contradiction has sparked widespread uncertainty within the XRP community and among legal analysts closely watching the situation. Without an official clarification, many now question the accuracy of Ripple’s public statements regarding the settlement.
Investors, legal experts, and market participants wait for an official confirmation from the SEC. Until a formal announcement is made, the legal status of one of crypto’s most watched cases remains unresolved.
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