{"id":148764,"date":"2023-09-02T23:12:01","date_gmt":"2023-09-02T17:42:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=148764"},"modified":"2023-09-02T23:12:01","modified_gmt":"2023-09-02T17:42:01","slug":"how-ripple-us-sec-may-reach-settlement-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/how-ripple-us-sec-may-reach-settlement-crypto-news\/","title":{"rendered":"How Ripple, US SEC May Reach Settlement – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

In the context of the speculation around a possible settlement between Ripple and the US Securities and Exchange Commission (SEC), John Deaton, the attorney representing the thousands of XRP token holders, explained how the two parties may go about if they wish to settle.<\/p>\n

Also Read: Terra Luna Classic Top Validators Support Crucial Dynamic Minimum Commission Proposal<\/strong><\/a><\/p>\n

<\/p>\n

John Deaton Explains Potential Settlement Terms<\/h2>\n

Responding to a question on what could come between the two parties and a settlement, attorney Deaton said the ongoing Coinbase Vs SEC lawsuit could be crucial to the prospect of Ripple settlement. This is because if the judge in the Coinbase<\/a> case grants the exchange a motion to dismiss, it would mean that token sales on the exchange does not fall under U.S. securities laws, while the crypto staking part continues to be a part of the litigation. He explained<\/a>,<\/p>\n

\n

\u201cThe only way Ripple and the SEC (could) settle before the end of the year is if Judge Failla grants the Coinbase motion to dismiss or partially grants it \u2013 finding token sales on an exchange in a blind bid\/ask transaction do not fall under U.S. securities laws\u201d<\/p>\n<\/blockquote>\n

<\/p>\n

If the motion to dismiss is granted, the SEC would find it tough to get an appeal. Deaton explained that even if an appeal is allowed in that scenario, the agency\u2019s powers would be reduced.<\/p>\n

<\/p>\n

SEC\u2019s Move To Certify Interlocutory Appeal<\/h2>\n

Ripple had in a September 1, 2023 filing stated that the Summary Judgment did not have a mention of the question on the law supporting the interlocutory appeal. Earlier, CoinGape reported<\/a> that Ripple Labs opposed the SEC\u2019s efforts to certify an interlocutory appeal. The company opposed it based on the argument that the agency deviated from the legal standpoint, which is the application of Howey Test for XRP token sales.<\/p>\n

Also Read: Vitalik Buterin Sells Maker (MKR) For First Time In 2 Years<\/strong><\/a><\/p>\n

<\/p>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at anvesh@coingape.com or twitter.com\/BitcoinReddy <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

In the context of the speculation around a possible settlement between Ripple and the US Securities and Exchange Commission (SEC), John Deaton, the attorney representing the thousands of XRP token holders, explained how the two parties may go about if they wish to settle. Also Read: Terra Luna Classic Top Validators Support Crucial Dynamic Minimum […]<\/p>\n","protected":false},"author":2,"featured_media":135248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-148764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/148764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=148764"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/148764\/revisions"}],"predecessor-version":[{"id":148766,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/148764\/revisions\/148766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/135248"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=148764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=148764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=148764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}