Ripple lawsuit: SEC stands to gain more if settlement happens, crypto lawyer explains why RippleXRP XRPArmy XRPHolders XRPCommunity XRP $XRP
Deaton, however, believes a settlement might come only after a verdict is received from the ruling judge. This may be particularly relevant given that, before the lawsuit was filed in December 2020, Ripple tried to settle with the SEC.Ripple CEO Brad Garlinghouse stated that a settlement with the SEC could only be considered if XRP is deemed a nonsecurity., a lawyer and crypto enthusiast, believes the SEC has more to gain if a settlement occurs before a summary judgment decision is reached.
The SEC obtains a lot from a settlement with Ripple even if the settlement allows for XRP not to be considered a security & sold by Ripple:4. No adverse decision on fair notice defense /1"The SEC obtains a lot from a settlement with Ripple even if the settlement allows for XRP not to be considered a security and sold by Ripple," he wrote.
Morgan cited five reasons why the SEC could gain more if this happens: First, Ripple might be forced to pay a big fine. Second, this would be an outcome that justifies the lawsuit. Third, no disclosure of Hinman's emails to the public. Fourth, no adverse decision on the fair notice defense. Perhaps most importantly, fifth, he says there will be no decision on the"blue sky investment contract issue.
The crypto lawyer further added,"As we saw this week, this argument has been made a second time, by the defendants in SEC v. Wahi. Imagine if Ripple wins on this point." He adds a catch, however:"Based on settlement logic. Invalidated if non-legal motives too strong e.g. political, protecting legacy financial system."
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