Why Is Ripple Vs SEC Settlement Delaying?
The post Why Is Ripple Vs SEC Settlement Delaying? appeared on BitcoinEthereumNews.com. The Ripple vs SEC case has taken another significant turn with securities lawyer Marc Fagel’s settlement delay claims sparking a heated debate. Dismissing rumors of ongoing negotiations between the SEC and Ripple, Fagel revealed the internal procedures that may be driving the delay. What Delays the XRP Lawsuit Settlement? Amidst anticipation of the XRP lawsuit settlement, a new twist emerged regarding the possible reasons behind the delay. After the July 17 closed-door meeting failed to yield the expected outcome, the community began scrutinising the reasons behind the delay. Meanwhile, Marc Fagel dismissed speculation that ongoing negotiations between the SEC and Ripple are driving the delay, despite previous agreements between the two parties. In an X post, “That’s not the cause for delay.” He further shed light on the potential cause of the XRP lawsuit settlement delay, citing internal SEC procedures, including drafting action memos, division reviews, and scheduling commissioner votes, as the likely culprit. His statement read, That’s not the cause for delay. The staff needs to draft its action memo. It needs to be reviewed by the divisions and calendared for a commissioner vote. But please, keep lecturing a former senior SEC official about SEC procedures. Previously, as reported by CoinGape, Fagel dismissed rumors that Judge Torres or the SEC was delaying the case. He noted, “Nobody is holding up the case.” His latest tweet reiterates the idea that the settlement is delayed due to internal procedures, not deliberate actions. What SEC’s Private Meeting Means for Case? As speculations of the XRP lawsuit settlement escalate following Ripple’s dismissal of the appeal, all eyes are on the SEC’s closed-door meetings. Since the July 3 meeting, the community has been expecting a positive outcome for the Ripple vs SEC case. Despite these speculations, Fagel stood firm in his claim that the…
The post Why Is Ripple Vs SEC Settlement Delaying? appeared on BitcoinEthereumNews.com.
The Ripple vs SEC case has taken another significant turn with securities lawyer Marc Fagel’s settlement delay claims sparking a heated debate. Dismissing rumors of ongoing negotiations between the SEC and Ripple, Fagel revealed the internal procedures that may be driving the delay. What Delays the XRP Lawsuit Settlement? Amidst anticipation of the XRP lawsuit settlement, a new twist emerged regarding the possible reasons behind the delay. After the July 17 closed-door meeting failed to yield the expected outcome, the community began scrutinising the reasons behind the delay. Meanwhile, Marc Fagel dismissed speculation that ongoing negotiations between the SEC and Ripple are driving the delay, despite previous agreements between the two parties. In an X post, “That’s not the cause for delay.” He further shed light on the potential cause of the XRP lawsuit settlement delay, citing internal SEC procedures, including drafting action memos, division reviews, and scheduling commissioner votes, as the likely culprit. His statement read, That’s not the cause for delay. The staff needs to draft its action memo. It needs to be reviewed by the divisions and calendared for a commissioner vote. But please, keep lecturing a former senior SEC official about SEC procedures. Previously, as reported by CoinGape, Fagel dismissed rumors that Judge Torres or the SEC was delaying the case. He noted, “Nobody is holding up the case.” His latest tweet reiterates the idea that the settlement is delayed due to internal procedures, not deliberate actions. What SEC’s Private Meeting Means for Case? As speculations of the XRP lawsuit settlement escalate following Ripple’s dismissal of the appeal, all eyes are on the SEC’s closed-door meetings. Since the July 3 meeting, the community has been expecting a positive outcome for the Ripple vs SEC case. Despite these speculations, Fagel stood firm in his claim that the…
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