Are there any possibilities for settlements between Ripple and the SEC?

From John Deaton to Jeremy Hogan, a series of experts assume the case might move for the settlements and predict its timeline.

Since the last hearing of the Rippe-SEC lawsuit, the case has taken a sharp turn favoring Ripple. Many experts of the law field and people related to the case have predicted and are more sure that Ripple will get the chance over the SEC. After the last hearing, rumours also started scattering related to the settlement between both parties. No official statement has been made, so rumours will continue until then.

However, in response to these ongoing rumors of an imminent settlement in the Ripple-SEC lawsuit, John Deaton has made his statement. Cryptolaw founder said that for the next 30 days, he does not see any settlement happening. Given favorable developments lately, the Ribble-SEC case seems to move forward steadily at its own pace.

ALSO READ – Ripple vs SEC: John Deaton Offers Settlement Itinerary

CEO of Ripple Brad Garlinghouse also later stated that the company was expecting some decisions from the court. Note that the court has not ruled on the defense of Ripple, claiming not fair notice from the Securities and Exchange Commission, and the move to strike is still pending. Hence, John Deaton dubbed the case the most significant decision as it is a big case, and decisions are awaited by most people in the crypto space, especially Ripple and XRP community. Although many have anticipated the result, there is still a need to get a verdict from Magistrate Sarah Netburn, especially after the reconsideration motion of SEC.

Other than John, Attorney Jeremy Hogan, a partner in the law firm Hogan and Hogan, has also made predictions about the timeline of the winding up of the Ripple-SEC lawsuit. In his Tweets, Hogan stated that the lawsuit might end somewhere between Aug 26 and Nov 18. Although he kept the space for the possibility of settling the case any time, implying making no deals.

In March, the Pro Ripple attorney posted a document detailing a few rules that the SEC and Ripple were assumed to follow. Those rules included face to face meetings or video conferencing to negotiate settlement conditions within fourteen days after fact discovery.

Hogan believes that settlement talks might take place somewhere in April or May for settlement talks. While stating the possibilities of settlement discussion, Jeremy recalled the last talk that happened to take home a few months ago and remained unsuccessful.

Another considerable statement was of Eleanor Terrett, a journalist for Fox. In her recent tweet, she stated that SEC staff are now losing faith in the regulation agency’s ability and chances to win the case. She mentioned a source close to SEC told her that Commissioner Hester Peirce, famous for being called Crypto mom, privately indicated her concerns that the agency might not achieve the outcome it is looking for.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing