SEC To File Reconsideration Of Judgement

XRP Lawsuit News: The ruling in the U.S. Securities and Exchange Commission vs Ripple lawsuit is awaited and is witnessing different kinds of speculative outcomes. However, both parties have filed the final briefs seeking summary judgment in their favor. Meanwhile, an attorney following the XRP lawsuit has revealed what might be the next move from the SEC.

SEC taking a loss in XRP Lawsuit?

As of now, Ripple and SEC have asked District Judge Analisa Torres not to send the XRP lawsuit to the trial and give a ruling in their favor. However, Cardano Founder Charles Hoskinson spread a rumor about a settlement between the parties around December 15, 2022.

Meanwhile, Hoskinson’s rumor about the Settlement was debunked by the FoxBussines Journalist, Eleanor Terrett. She mentioned that her source close to the XRP lawsuit has informed that there is no truth to this rumor.

Attorney Jeremy Hogan replied to a user’s query regarding the XRP lawsuit. A user asked whether SEC will file for reconsideration of the summary judgment before appealing it. Hogan stated that the commission could move for reconsideration ahead.

He added that however, he doubt the SEC would file an appeal after a loss. It looks too dangerous for now.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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