Lawyer Points Out Silence in SEC v Ripple: Has the SEC Given Up?

• U.S. attorney points out the silence around SEC v Ripple as regulator delays discovery motions. 
• The SEC has until February 12 to complete the damages-related discovery. 
• The attorney suggests the silence may indicate the regulator is looking to settle amicably with Ripple Labs.

In a series of tweets on social media platform X, U.S. attorney Fred Rispoli pointed out the silence around the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. 

As noted in the tweet, the SEC has until February 12 to complete the damages-related discovery. So far, Rispoli stated that the SEC has not filed any discovery motions. However, the attorney said a motion may be filed this week or before the February 12 deadline. 

Should a motion not come before then, Rispoli opined it might indicate Ripple and the SEC are looking to settle the lawsuit amicably. Nonetheless, the attorney suggested two outcomes to the current lawsuit between the two parties. 

The first route, the attorney explained will see the SEC get “the discovery it wants, reviews it, and the parties finally settle.”  If that fails, then Rispoli said the second outcome …

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