Ripple’s Endgame: Will the SEC Silence Themselves Only To Cause A Crypto Rally?
The conflict between Ripple Labs and the SEC has been ongoing for a quiet while now, and things seem to come to a resolution soon. The SEC is allegedly telling its employees to prepare for an announcement, which hints at new development or a set timeline and other deadlines. Recently, experts have claimed that the matter will be attended to within the time lapse of two months. Along with this legal dispute Ripple faces—which goes on to impact the native currency XRP—and pertaining to this event is the regulatory point of acquisition examining boundless crypto transactions.
A Rollercoaster of Rumors: An Overhyped Call Delay On The 7th Of August
The evolution concerning Ripple’s war with the SEC surpasses hurdles, each of these holding their own set portion of the remainder world majorly spiced with rumor. During this time, a post was made that projected data regarding their Uniform Agreed On Joint Negotiation Techniques they said the SEC had planned to utilize and came to some conclusion by August the seventh tethered to the lawsuit in question awaiting execution rivets enumerated lines. This sparked a rotational debate amongst crypto enthusiasts where the post claimed that the juxtaposed subplot depicted strands drawn from an old court docket. Like this, the crypto space was left majorly confused, and when four months get rolled over, the constitution awaits the nature and credibility of the data.
Debunking the Delay: Legal Experts Weigh In
“Delay” is a narrative that legal experts such as Marc Fagel have sought to balance. In particular, Fagel seems to discard any arguments pertaining to an August 7th postponement, stating there is no credible substantiation for any deferment at this point in time. This analysis has certainly reduced some concerns within the XRP community.
The Waiting Game: Strategic Timing or Bureaucratic Process?
Speculation still goes on irrespective of legal speculation. Some watchers have surmised the SEC’s final statement, however, may be set for a more impactful timing. The delay theories gained traction after both the SEC and Ripple dropped their respective appeals, moves that seemed to signal an impending end to the legal conflict. However, lack of an announcement within the SEC continues to keep formal unsettlement. There is still a wait, with all eyes and ears open in the market for any insightful information regarding the workings of the SEC.
The SEC’s Final Steps: An Administrative Block
The Ripple legal battle contains procrastinating procedural intricacies that are unlike any other. Every other recently concluded crypto lawsuit, including Kraken’s and Consensys’, ended with more straightforward resolutions. The Ripple case, however, is unique in that it has an ex parte SEC-issued injunctive restraining order. This injunctive order, which curtails specific Ripple activities, needs to be lifted for the case to be closed ‘in principle’ and not in reality.
Bureaucratic Hurdles: A Multi-Step Process
As per the reporter Eleanor Terrett, the steps that need to be taken in order to get the injunction lifted are unfortunately more complicated than the actual lifting. To begin with, the SEC’s Shrek and Fiona need to come to an agreement on the draft resolution of the case. Once this decision is made, someone needs to draft the appropriate legal documents and summon them to the Palace of the Court for a quick glance and stamp by Analisa Torres. All these steps may explain the reason behind the weeks spent without an announcement. It reinforces my belief that the delay, if you want to call it that, is procedural, not strategic.
Final Outcome in Sight: Ripple Legal Proceedings Concluded by Settlement in Two Months
It is important to insert some optimism into the situation, as lawyer Fred Rispoli is predicting that the proceedings will be done in about two months based on the fact that Ripple has already prepared the settlement papers for their part of the agreement. His prediction stems from the fact that the only thing left to be done is an internal vote by the SEC, which seems like it can be done before the August 7 date.
A Long Four-Year Saga: So Why Does It Always Feel Like More?
This actually does feel like a legal battle that has taken way too long to complete, considering in this case it has taken four whole years. A more recent set of details also includes an agreement where Ripple shifts the go fee to a mere fifty million and this does seem to be a step towards settling the whole issue. The only party whose end goal is still a bit unclear is the SEC; the crypto world at large just hopes there is a settlement around the corner.
The Ripple Effect: Consequences on the Future
The outcome of the Ripple lawsuit vs. SEC has the potential to drastically change both Ripple and the cryptocurrency markets. If the result favors Ripple, we may expect an increase to their standing in the fintech world along with market confidence, as well as an increase to XRP price.
The Shift within the Regulatory Environment: A Defining Moment
Aside from the economic damages Ripple and XRP will face, this judgment will have an impact on Ripple and its assets on the economic fabric of the US. XRP and Ripple are positioned strategically at the epicenter of the crypto economy and are a backbone of the American cryptocurrency industry. The attention from the crypto industry is focused on sparks of innovation directed towards the investors within a protective atmosphere.
