While speculation continues about a possible agreement between Ripple and the US Securities and Exchange Commission (SEC), attorney John Deaton, representing XRP token holders, explained the possible steps the parties can take if they choose the agreement option.

Coinbase vs. Pointing to the ongoing importance of the SEC case, attorney Deaton explained that if the judge in the Coinbase case states that token sales on the exchange are not subject to U.S. securities laws, a settlement could be reached between the parties.

If the case is dismissed, the SEC's ability to file an appeal would be significantly restricted, making settlement a logical option. Deaton explained that in such a case, even if an appeal was possible, the authority of the institution would be reduced.

In a petition dated September 1, 2023, Ripple stated that the Summary Judgment did not address the legal basis for its interlocutory appeal. Ripple's opposition was based on the allegation that the agency had deviated from the established legal perspective on the application of the Howey Test to XRP token sales.

The SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen in December 2020, and many exchanges removed XRP to avoid potential legal issues. However, following Torres' decision, many of these exchanges stated that they were considering relisting the token or exploring such a possibility in the future.

Do you think an agreement can be reached between Ripple and the SEC? We are waiting your comments.#Ripple#SEC #deal