• As the SEC rescheduled the closed meeting for July 25, the XRP community expects an imminent settlement in the case.
• Former SEC securities lawyer Marc Fagel dismisses anticipation of the potential resolution.
• Fagel posits that the case is less likely to settle, adding that settlement is not usually considered during a closed meeting.

A rescheduled closed meeting at the Securities and Exchange Commission (SEC) has ignited renewed hope within the XRP community for a potential settlement in the ongoing legal battle with Ripple Labs. However, former SEC securities lawyer Marc Fagel has tempered expectations, emphasizing a lack of concrete evidence to support such a development.

Further reiterating his view, Fagel stated that it is unlikely to bring resolution to a complicated case like Ripple’s at this point. He added that the settlement of a case is not usually considered during a closed meeting. Elaborating on the low possibility of the settlement, he cited:

“If the enforcement staff had negotiated a settlement with Ripple, they would have notified the court to prevent the issuance of the remedies ruling while awaiting SEC approval.”

The community has…

The post XRP Settlement: SEC Meeting Rescheduled, But Former Lawyer Douses Hopes appeared first on Coin Edition.

• As the SEC rescheduled the closed meeting for July 25, the XRP community expects an imminent settlement in the case.
• Former SEC securities lawyer Marc Fagel dismisses anticipation of the potential resolution.
• Fagel posits that the case is less likely to settle, adding that settlement is not usually considered during a closed meeting.

A rescheduled closed meeting at the Securities and Exchange Commission (SEC) has ignited renewed hope within the XRP community for a potential settlement in the ongoing legal battle with Ripple Labs. However, former SEC securities lawyer Marc Fagel has tempered expectations, emphasizing a lack of concrete evidence to support such a development.

Further reiterating his view, Fagel stated that it is unlikely to bring resolution to a complicated case like Ripple’s at this point. He added that the settlement of a case is not usually considered during a closed meeting. Elaborating on the low possibility of the settlement, he cited:

“If the enforcement staff had negotiated a settlement with Ripple, they would have notified the court to prevent the issuance of the remedies ruling while awaiting SEC approval.”

The community has…

The post XRP Settlement: SEC Meeting Rescheduled, But Former Lawyer Douses Hopes appeared first on Coin Edition.