The ongoing lawsuit between Ripple 
$2 and the U.S. Securities and Exchange Commission (SEC) is back in the spotlight. As the SEC’s deadline for filing its initial plea approaches, a former SEC attorney has suggested that a resolution to the case may be likely at this early stage. Following Judge Analisa Torres’ remarks that affirm previous rulings, it is speculated that the Trump administration and SEC Chair Paul Atkins may opt not to appeal in the XRP ($2.24) case.
Former SEC Attorney: Settlement Likely in Ripple SEC Case
Former SEC attorney Marc Fagel stated on January 6 that the government body experienced both wins and losses in the case. He emphasized that appealing the parts they lost would necessitate a compromise between Ripple and the SEC.
“Both parties appealed the parts they lost. Therefore, the criminal appeal process has not yet been implemented while waiting,” Fagel added, noting that Ripple may have to pay a $125 million fine due to its sale of $700 million worth of unregistered sec...
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