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US SEC Appeal Doesn't Rule Out Ripple Settlement
The US Securities and Exchange Commission (SEC) has filed an appeal to challenge Judge Torres' latest ruling in favor of Ripple, in which she ruled that XRP does not qualify as a security.
The appeal is currently pending in the US Court of Appeals, but there is speculation in the community that the case between Ripple and the SEC could be settled within the 14-day period.
One XRP supporter has expressed the opinion that the SEC may insist on a higher fine than the initial $125 million. However, former SEC lawyer Mark Fagel is convinced that the appeal does not concern the fine.
The servant of Themis is sure that there are no grounds for settlement, since the SEC filed an interim appeal a year ago, which indicates the regulator’s persistence in this matter.
Attorney Bill Morgan drew attention to the fact that the SEC filed only a notice of appeal. This maneuver leaves room for negotiations between the agency and Ripple. At the same time, Morgan believes that the ideological gap between the positions of both parties makes agreements unlikely.
In addition, it is possible that Ripple may file a counter-appeal against the court's decision on institutional sales.
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