Pro-XRP Lawyer Debunks Ripple-SEC Settlement Rumor For Tomorrow

A rumor claiming a potential settlement between Ripple and the US Securities and Exchange Commission (SEC) scheduled for a closed meeting on July 18 has been debunked by former SEC regional director and pro-XRP lawyer, Marc Fagel. According to Fagel, the likelihood of a settlement being discussed in this particular meeting is highly improbable, despite the community’s hopeful speculations. Ripple-SEC Settlement Is Highly Unlikely The rumor was initially fueled by Brett Hill, an ambassador for the cryptocurrency exchange Bitrue, who suggested via the social media platform X that the SEC’s private meeting might finalize the long-standing legal battle between Ripple and the regulator. Hill cited “reliable sources” and pointed to a screenshot of the SEC’s official meeting announcement, which, however, did not explicitly mention the Ripple case. Related Reading: Expert Foresees XRP Soaring To $250: Technical Analysis Explained Reacting to the speculation, Marc Fagel humorously commented on X, saying, I mean, they’ve had about 150 of these nearly-weekly meetings since the case was filed, and Crypto Twitter was convinced a settlement was being discussed at every one of those meetings, but this is DEFINITELY the one! [Narrator: It’s not the one.] According to the SEC’s announcement, the meeting’s agenda will cover topics such as the institution and settlement of injunctive actions, administrative proceedings, resolution of litigation claims, and other matters related to enforcement proceedings. Although the agenda does include topics that could theoretically encompass a settlement with Ripple, there is no direct evidence to suggest that this is planned for discussion. In contrast, another pro-XRP lawyer, Fred Rispoli, has outlined a potential future date, July 31, for a possible resolution, albeit noting that a “pre-judgment settlement is unlikely.” Rispoli’s prediction includes a possible penalty not exceeding $25 million for Ripple, without any disgorgement. Related Reading: XRP & Litecoin See Social Media FOMO: Bad Sign For Prices? The SEC has been engaged in a legal tussle with Ripple since December 2020. Following the summary one year and 4 days ago, both parties are currently waiting for a remedy and penalty ruling by Judge Analisa Torres. The SEC is pursuing a penalty of $102.6 million against Ripple, markedly lower than the almost $2 billion initially demanded. Ripple has suggested capping the penalty at $10 million, citing the Terraform Labs case as a precedent. Nonetheless, the SEC has dismissed this proposal in its reply brief, stating that such a minimal amount would not align with the objectives of civil penalty statutes. XRP Price Gains Momentum Over the past 12 days, the price of XRP has surged from $0.38 to over $0.61, marking a 61% increase. Although Bitcoin spearheaded the broader recovery in the cryptocurrency market, XRP has emerged as one of the top performers during this period. While no specific news can be directly linked to this price movement, the favorable technical chart setup for XRP, along with potential influence from settlement rumors, have likely contributed to the significant uptick. At press time, XRP traded at $0.61551. Featured image from YouTube, chart from TradingView.com

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Ripple vs SEC: XRP Lawsuit Closure Expected Within 60 Days

Ripples legal dispute with the U.S. Securities and Exchange Commission (SEC) has entered its final phase yet remains unresolved. The lawsuit has not officially ended despite Ripple dropping its cross-appeal and the SEC withdrawing its own. Legal procedures are ongoing, and a final resolution is expected in the coming weeks. XRP Case Still Active Despite […]

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Ripple Provided Major XRP Price Discounts To Select Investors, SEC Claims

In the XRP lawsuit, the US Securities and Exchange Commission (SEC) filed its motion for remedies and entry of final judgment against Ripple, proposing a suite of penalties that includes injunctive relief, disgorgement of profits, and a notable $2 billion in civil penalties today. But that’s not the whole story as the 210-page document contains some interesting statements and assertions. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its Motion for Remedies and Entry of Final Judgment, its Memorandum of Law in Support of that Motion, and its "Proposed" Judgment.https://t.co/uPlpJ7Tmon — James K. Filan (@FilanLaw) March 26, 2024 Did Ripple Favor Select Institutional Investors? One of the assertions made in the SEC document and pointed out by XRP community lawyer Bill Morgan was a key revelation that Ripple engaged in discriminatory pricing practices, offering substantial discounts on XRP tokens to a select group of institutional investors. This practice, the SEC alleges, created an uneven playing field, benefiting certain “favored” investors at the expense of others. Related Reading: Top Analysts Bold Prediction: XRP Set To Skyrocket 1,500% XRP community lawyer Bill Morgan provided a summary of this aspect, highlighting the potential damage to Ripple’s standing in the eyes of institutional investors. “The SECs brief is a possible problem for Ripple beyond this case. The SEC is able to argue that there were two groups of institutional sales investors (it calls them favored and unfavored) and Ripple offered one group significant discounts in XRP price over the other group that did not receive them,” Morgan noted via X (formerly Twitter). He further delved into the SEC’s claim that such practices harmed the “unfavored” group of investors to the tune of $480 million, a figure based on assumptions that Morgan suggests need thorough examination. The evidence of causation of this alleged harm seems thin, he added. The SEC’s filing goes on to argue that Ripple’s sales tactics, specifically the discounted sales to certain investors, directly contributed to downward pressure on the overall market price of XRP. This point is not just a matter of regulatory compliance but also raises the specter of legal action from those institutional investors who may feel aggrieved by not being privy to the same discounts. Related Reading: Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern Morgan also touched upon the ramifications of these actions being classified as investment contracts by the SEC, saying, “As these sales to institutions were found to be investment contracts, it means that this offering of discounts to some but not other institutions is the very disclosure according to the SEC that should have, and would have been made to the institutions, if the sales to institutions had been registered.” He further noted that these claims by the SEC are also not great for the reputation of Ripple. Not sure this revelation is great for Ripples reputation with institutional investors, Morgan remarked. Ripple CLO Alderoty Responds Ripple’s Chief Legal Officer, Stuart Alderoty, also issued a broad response to the SEC’s filing via X, vehemently disputing the narrative presented by the regulatory body. Alderoty stated, Our response will be filed next month, but as we all have seen time and again, this is a regulator that trades in statements that are false, mischaracterized and designed to mislead. He further attacked the SEC for its illegitimate reasoning, stating: They stayed true to form here. Rather than faithfully apply the law, the SEC remains bent on wanting to punish and intimidate Ripple – and the industry at large. We trust the Court will approach the remedies phase fairly. At press time, XRP traded at $0.64365. Featured image from Shutterstock, chart from TradingView.com

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Why Isnt XRP Skyrocketing After Ripples SEC Victory? Analysts Explain

The XRP price has failed to shoot up dramatically in the wake of Ripples victory against the US Securities and Exchange Commission (SEC). After the SEC officially dropped its appeal against Ripple, many market participants expected a new all-time high. Instead, XRP climbed only by 13% as far as $2.60 before retreating to around $2.40, perplexing investors who had anticipated a sharper rally. Why Is XRP Not Skyrocketing? According to Johnny Krypto, co-founder of Merlin, the lack of a massive spike in XRPs price should not come as a shock. He draws a parallel with historical events in both crypto and mainstream markets, emphasizing that anticipatory trading often leads to muted responses when the official news finally arrives. When Trump won, there was no logical reason for XRPs price to jump, but the market was pricing in that the lawsuit would be dropped, Johnny explains. Thats why we saw the big pump back then. Related Reading: How High Can XRP Price Go After The Ripple Victory? He points out that the run-up from $0.50 to $2.50 last November reflected traders betting on a favorable outcome to Ripples legal troubles. Now that the outcome is certain, the market is responding more with a whimper than a bang. If the SEC had maintained the appeal, XRPs price would have likely plummeted instead of staying stable, he adds, noting that the absence of a negative development has effectively kept XRP from falling rather than propelled it to new highs. Crypto analyst EGRAG CRYPTO (@egragcrypto) stated on X that a wave of anxiety is rippling through the XRP community. He argues that many investors are simply uneasy about the current price stagnation and the markets slower pace compared to previous cycles: Right now, almost everyone seems to be panicking. Even with all my positive charts, some people are still worried. My DM is filled with anxious questions like, The SEC dropped the case, and we didnt MOON. Why? Whats going on?, What Happened Just Relax and Breath! The real bull market and development are just getting started. He underscores that the gradual movement in prices can test the patience of retail investors, who often expect quicker returns: Currently, almost all retail players are experiencing pain it is called pain of boredom, unlike in 2017, where the market had quick ups and downs, this time the changes are happening slowly. But this is not how financial markets work. It moves in cycles and waves. Related Reading: XRP Wave 4 Count: Why $2.66 Is The Most Important Level To Beat Pointing to the pending arrival of large institutional participants, EGRAG CRYPTO remains optimistic: This time around, the market might remain strong for an extended period due to steady prices. New ETFs will be helping to bring in a new breed participants There will be hundreds and thousands of sales people pushing the XRP ETF to their clients. His overarching message to XRP holders: remain patient. Beyond legal resolutions, XRPlike the broader crypto marketremains exposed to global economic forces. The specter of a US-led trade war, spearheaded by President Trumps tariff policies, looms large. In particular, the 25% tariffs on Canada and Mexico, along with a 10% tariff on China, have fueled concerns about stagflationa combination of slow economic growth and high inflation. Supply chain disruptions, higher consumer prices, and diminished economic momentum weigh on risk markets. Investors are increasingly shifting toward safe haven assets, including US Treasuries and gold, dampening demand for more volatile cryptocurrencies like XRP. The Federal Reserves monetary policy stance is also influencing sentiment. As of its March 19, 2025 meeting, the Fed chose to maintain interest rates in the 4.25%4.5% range set in late 2024, pausing the rate-cutting cycle that began in September 2024. Fed Chair Jerome Powell cited persistent inflation above the 2% target, along with heightened recession risks, partly tied to tariff concerns and weaker consumer spending. Powells cautious tone has led to increased market unease, as a recession could further undermine confidence in risk assets. In such an environment, even the end of the XRP lawsuit may not have been enough to spark a sustained rally. At press time, XRP traded at $2.3995. Featured image created with DALL.E, chart from TradingView.com

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Big Development in the Ripple (XRP) Case

Takeaways~ Ripple denied access to SEC employees financial records Setback for Ripple as it would’ve exposed whether SEC employees were trading XRP Ripple has accused SEC of abusing government privilege to hide disclosure Lawsuit moves to next stage as ‘discovery’ concludes According to reporting, a New York federal magistrate judge declined to force the SEC […]

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Judge Orders Ripple to Comply With SECs New Discovery Requests Concerning XRP

A federal judge has ruled in favor of the U.S. Securities and Exchange Commission (SEC) and ordered Ripple to comply with the regulator’s post-complaint discovery requests concerning XRP. Ripple must also answer an interrogatory regarding the amount of XRP institutional sales proceeds it received after the SEC complaint was filed. Judge Grants SEC’s Motion Against [...]

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XRP ETF Approval Unaffected by Lawsuit as Institutional Demand Rises

According to a top legal expert, the XRP ETF approval process remains unaffected by the ongoing Ripple vs. SEC lawsuit. Nasdaq has filed listing applications for XRP and Litecoin ETFs, indicating growing institutional interest in digital assets. Meanwhile, Bloomberg analysts estimate a 65% chance of XRP ETF approval in 2025, fueling investor optimism. XRP ETF […]

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Ripple XRP Case: SEC Moves To Appeal Court Ruling

In a significant move that could reshape the regulatory landscape for XRP and blockchain payments company Ripple, the US Securities and Exchange Commission (SEC) announced on Wednesday that it is appealing the court ruling limiting its authority over crypto markets.  The appeal targets a July 2023 decision by US District Judge Analisa Torres, which determined [...]

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Ripple Faces Appeal Over $210K Bill Amid XRP Lawsuit Drama

The legal battle involving Ripple Labs Inc. and its lead plaintiff in the XRP lawsuit continues to make headlines. The U.S. Court of Appeals for the Ninth Circuit is now reviewing an appeal filed by lead plaintiff Bradley Sostack. This appeal challenges XRPs $210,591.52 bill of costs, awarded after the district court ruled in favor […]

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Ripple CEO Says Company Spends $200 Million Fighting SEC Lawsuit Over XRP, Ruling Could Come in 3 Months

Ripple CEO Brad Garlinghouse has revealed that his company is spending $200 million defending itself against the SEC in its lawsuit over xrp. The executive expects a decision on the lawsuit in three to six months. “If we win the lawsuit, it’ll be clear what xrp is, but the rest of the industry is still [...]

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