Ripple would deliberately extend his court dry?
This means that now that both sides are trying to end the dispute, the final resolution seems to be close to the ripple as dry.
Ripple and dry still in court
The ripple against the SEC affair was a symbolic action for the application of the law in the cryptol and should probably end in March. However, the persistent cross calls and the attempt at the regulation continued the subtitles of the months.
Marc Fagel, a former regional director of SEC and an experienced lawyer in securities, was engaged in growing speculation about X explaining that Ripple has initiated an unsuccessful attempt to negotiate the remedies of the court.
The company would try to cancel the court order and reduce its sentence by $ 125 million. However, the judge refused these conditions without appeal.
“The parties initially tried to solve the case under conditions that have rejected the call to cancel the tribunal and the reduction of the fine depends on the refusal of the sentence.” Wrote Fagel. “The court refused. Therefore, they had to restart this process.”
In short, dry led by Gary Gensler, Ripple forbade selling titles to nonstitutional investors. Now that the Commission is under the new leadership, the company tried to remove this ban.
This process led to months of disputes and speeches in court, which ended until the end of June.
In retrospect, these claims support some indirect evidence. For example, two weeks before Ripple and Dry closed the Crusaders, both parties filed a joint application for a continuation of the trial.
At that time, legal observers noted that the deposit seemed unconvincing and did not respond to the key concerns of the judge. It could be a sign of declining investment in the battle.
Command “Peopleler from the era“” “”
This year, the central problem comes from the order of people in the era to disable the ripple in the institutional sale of XRP without recording into the sec. Ripple tried to remove this command after the US elections in 2024 led to the new direction of the Commission under the Presidency of Paul Atkins.
However, the legal system does not proceed as quickly as a political feeling. Fagel pointed out that the delay observed in 2023 and early 2024 was common in complex federal disputes, not the result of deliberate dry tactics that will save time.
The final resolution was expected on August 15
The last phase in this case is procedural. Both sides must present formal deposits to withdraw their calls. The deadline for the SEC response or procedure is set at August 15, 2025.
Upon completion, a fine of $ 125 million, which is currently owned by the receiver, will be transferred to the US Treasury.
“Washing”. The fact that they illegally increased hundreds of millions by selling unregistered titles is an established fact, ”Fagel said.
However, this part of the case ended in a clear defeat for the ripple. Fagel was truly categorical that Dry would not allow Ripple not to get the last violation of securities laws.
From a legal point of view, the court has already ruled that the institutional sale of the ripple violated the securities laws and these conclusions remain binding for the company.
Morality History: Ripple flees from drought and dry follows, the ripple follows by a dry and dry pric.
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