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Ripple Vs. SEC: Speculation Arises Over Undisclosed Meeting Next Week

Ripple Labs and the US SEC continue their legal battle without a verdict

Ripple Labs and the US Securities and Exchange Commission (SEC) continue their legal battle without a verdict, but rumors suggest a potential undisclosed meeting between the parties on May 8.

The meeting has led to speculation about a possible settlement. However, XRP community attorney John E. Deaton doubts the rumor’s validity, believing that Ripple and the SEC can meet anytime they want.

Deaton suggests that a settlement would only happen after a ruling by Judge Torres and if Ripple wins a big victory.

Moreover, Ripple could be concerned about the regulatory safety of its partners. Deaton believes Ripple CEO Brad Garlinghouse would be happy to sign a settlement check if the SEC classifies all future sales of XRP as non-securities and does not appeal, which would result in an immediate return of liquidity to the US.

However, a settlement would only be necessary if Judge Torres does not already provide for it in her ruling.


James Wilson is a crypto writer and researcher with over 5 years of experience in the industry. He is a graduate of the University of California, Berkeley, where he studied computer science and economics. After graduating, he worked as a software engineer at a major tech company before transitioning to a career in crypto.