The post Ripple Vs SEC: “Secret” Meeting Sparks Speculation; Will The Verdict Be Delayed? appeared first on Coinpedia Fintech News
The Ripple vs SEC lawsuit has been one of the most consequential legal battles in the crypto industry. All eyes are fixed on the outcome of this case as it will set the precedent for cryptocurrency regulations in the United States. The summary judgement was initially expected to be delivered in the first quarter, but uncertainty now looms as to when Judge Analisa Torres will issue her verdict.
In the absence of concrete information, the XRP community is left to rely on predictions and rumours. What’s the latest? Let’s explore.
Are Ripple and SEC Meeting In Secret?
Recently, a prominent XRP influencer with the Twitter handle @Leerzeit, known as Mr. Huber, posted a tantalising rumour that Judge Analisa Torres would be delivering her verdict after her summer vacation in 2024, following two undisclosed meetings with Ripple and the SEC.
Just hearing rumors that Torres will release the ruling after her 2024 summer vacation and two secret meetings with Ripple and the SEC. Can anyone confirm this?
— Mr. Huber (@Leerzeit) May 7, 2023
This tweet has garnered significant attention from the XRP community, who are eagerly anticipating the end date of this high-profile lawsuit. With speculation running rampant, Huber’s tweet has only added to the intrigue and curiosity surrounding the case.
Settlement Rumours Run Wild
Anticipation for the verdict has been rapidly increasing in the XRP community, causing various unverified rumours to circulate. Recently, the news outlet Blockchain Daily shared a speculative report on a possible settlement, citing a meeting scheduled for May 8, 2023, between Ripple and SEC officials.
However, pro-XRP lawyer John E. Deaton disputed the rumour, stating that it would be highly unlikely for both parties to hold a meeting so soon after the announcement and also leak the information to the public.
The XRP community eagerly awaits the final verdict of the SEC vs Ripple lawsuit. Previous predictions by lawyers on the end date did not come true. Only Judge Torres and her staff will know when the ruling will be released. Ripple CEO and Ripple itself have predicted that the verdict will be released in the first half of 2023 or before the end of the year.
Related: XRP Price Prediction: Top Analyst Unveils Jaw-Dropping Price Forecast! – Coinpedia Fintech News
Community Reactions
Mr Huber’s tweet has sparked reactions from the XRP community, with some members joking about the possibility of the ruling being delayed beyond 2024. Others have suggested that a new SEC chairman may be in place by the time the verdict is announced. These reactions are indicative of the level of anticipation and speculation surrounding the outcome of the lawsuit.
