As SEC - Ripple Lawsuit Ends, Regulators Are Preparing for a New Move

In the case between Blockchain company #Ripple and the SEC, the US regulator has issued its final defense on the resolutions of the case. No. #SEC also submitted to the court several documents supporting its defense.

Although the documents filed by the SEC in court remain sealed, the censored version of these documents is expected to be released tomorrow. On the other hand, lawyers for both sides will meet today to agree on what information will be censored before the documents are made public.

While the SEC's response to the court is not yet known, those following the case closely expect the regulator to present documents against Ripple's defense in its response. Because the SEC has asked to fine Ripple $2 billion for violating securities laws through the company's sales activities, and Ripple has objected to this penalty in its latest defense. However, last July, the court ruled that Ripple violated securities laws by selling XRP to institutions. It is estimated that the #SEC also justified the decision in its response letter to the court.

Although it appears the long-running case is over, speculation about the final decision continues.

Some market commentators predict Judge Analisa Torres could make a final decision in July or September. On the other hand, some consider assuming that the parties can reach an agreement before the final decision is made. make decision. However, although Ripple has so far strongly opposed the SEC's demands, it is safe to say that a compromise is unlikely to be reached.

On the other hand, while opinions regarding the conclusion of the case remain speculative, there is a possibility that the case will be postponed until 2025 if one of the parties appeals after the verdict.